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@MiningBookGuy@BenjaminCox - so if you show up in a bit, would love to hear your "copper supply vs gold supply" argument. we may have had this exact discussion before. but this @piercepoints article really drives home to coming #copper supply...i just don't see it at all for #gold. really, for me the gold story is very much about supply along with demand. while i really like exploration projects for both, it's a key reason i'm still pessimistic on copper in very short-term
@MiningBookGuySudan, Russia sign agreements to develop mining sector http://www.sudantribune.com/spip.php?article60531#Sudan#Russia#mining
Hat-Tip @PiercePoints. This is indirectly good for $ORG in #Sudan.
Partial Quote from Article:
[Sudanese and Russian governments have on Thursday signed several agreements to develop Sudan’s mining sector after three days of discussions in the Sudanese capital, Khartoum.
Director of Geological Research Corporation, Al-Nour Koko, signed for the Sudanese government and Facile Stainouef signed for the Russian Geology Company.
In a press statement after the signing ceremony, Sudan’s minister of Minerals, Ahmed Sadiq al-Karouri, said the agreements are the fruits of the Sudanese Russian Joint Committee. In December, Sudan and Russia signed 14 agreements on investment in oil, minerals and banking sectors at the end of the Sudanese Russian Joint Committee meetings.
“The agreement with Russian Geology Company includes development of minerals and the geological laboratory,” said al-Karouri, adding that the agreement includes benefiting from Russian advanced mining technology as a pioneer country in the field.
Al-Karouri pointed that the agreement includes drawing a detailed geological map for Sudan which would be used for promoting mineral sector and as a database for minerals in the country.]
@MiningBookGuyNo restrictions on Sudan’s gold exports: minister http://sudantribune.com/spip.php?article60675 hat-tip @PiercePoints#Sudan#gold$ORG
[Sudan’s Minister of Minerals Ahmed Sadiq al-Karouri on Thursday assured investors from Oman Sultanate that there are no restrictions on Sudanese gold export.
The Minister expected that more mining companies to enter production stage within the coming two years.
In August, Sudanese government said that it would take measures to avoid any possible ban by U.S Administration on Sudan’s gold exports. The measures include importing gold refinery and two factories to be able to sell the Sudanese gold directly in the international markets.
At the time, al-Karouri expected that Washington would try again to impose ban on Sudan’s gold exports after its failure to issue a decision form United Nations Security Council.
“All the mining companies working in Sudan are able to export their gold production without any restrictions,” al-Karouri told the Omani investors on Thursday, pointing that that U.S sanction impose restrictions on importing modern mining equipment and financial transactions.]