The Central Bank of Sudan (CBOS) held a meeting including chaired by the Governor Mohamed Khair Al-Zubair, the Minister of Minerals Kamal Abdal Latif and General Managers of the Banks besides administrations of investment and risk at the banks.
Mr. Al-Zubair appreciated the initiative of the Ministry of Minerals, describing it as a great impetus for implementation of the tripartite program as the minerals are one of the eight targeted goods for addressing the in equilibrium of the external sector after secession of South Sudan. He added that the Central Bank of Sudan encouraged the banks to engage in the field of export particularly minerals, explaining that the mining sector witnessed a qualitative leap after entering of gold as the returns of the produced gold not less than 3 million dollars.
The Minister of Minerals revealed existence of enormous quantities of other minerals such as chrome, stating that the ministry gave licenses to many companies for exploration, pointing out that his ministry established production councils for each mineral.
It is worth mentioning that the meeting reviewed four working papers on why and how the banking system finances the mining sector, the geological and mineral capabilities in Sudan and the nature of the work and experience of the companies in the mining field.