$1M Chinese In Copper & Gold Mining In Sudan

Khartoum – Sudanhorizon

A Chinese mining company has announced plans to invest in copper and gold mining in Sudan, stating that it has allocated $1 million for the project.

Hong Kong Company, the owner of Mias Saz, said expected returns from the investment could reach $1 billion by 2029.

The announcement came during a meeting on Monday between a delegation from the Chinese company, headed by Development Director Jason Jin, and the Secretary-General of Sudan’s National Investment Authority, Ahlam Mahdi Sabeel.

Sabeel stressed the importance of strengthening economic cooperation with China and providing opportunities for Chinese companies interested in investing in Sudan.

She highlighted Sudan’s investment opportunities, as well as the incentives and guarantees provided under the country’s investment law. She added that Hong Kong Company is considered one of the major global firms operating in the mining sector, noting that such direct investments would positively impact Sudan’s economy.

For his part, Jason Jin said the company plans to invest $1 million with projected returns estimated at $1 billion by 2029. He explained that the company’s activities in Sudan will focus on copper and gold mining.

Jin also emphasized the company’s commitment to corporate social responsibility by supporting desert communities in the project area, creating 600 jobs, contributing to reconstruction projects in Sudan, utilizing local raw materials, transferring modern technologies, and training local personnel.

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