24 July 2024
24 July 2024
As Sudan looks to attract foreign investment into its mining sector, we explore recent developments and challenges facing gold miners in the country.
The Senate Committee on Energy and Natural Resources has listened to testimonies from numerous energy, mining and environmental players.
The company’s revenue increased to $6.62bn in the second quarter (Q2) of 2024 while operating cash flows stood at $2bn.
Shenghe will acquire a 50% interest in Ngualla Group UK, which owns 84% of the Ngualla Project.
The deal includes the transfer of a 100% stake in IsoEnergy's subsidiary, which holds interests in the Laguna Salada and Huemul projects.
Neotech is planning to undertake a diamond drilling programme at the Hecla-Kilmer project.
The new licences, which are largely underexplored, increase the Lord Baron project's total land package to 6,400 hectares (ha).
Elemental Altus will make the payment in two tranches for the royalties on the Mactung and Cantung projects.
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