Ministers of Finance and Minerals Pledge Decisive Measures to Regulate Mining Companies

Port Sudan – Sudanhorizon

The Ministers of Finance and Minerals, Dr. Jibril Ibrahim and Nour Al-Daim Taha, have pledged firm action in enforcing the laws governing the relationship between the government and companies operating in the mining sector, including concession companies and those working in mining waste.

During their meeting on Monday at the Government Complex in Port Sudan – attended by the Undersecretary of the Ministry of Finance, its legal advisor, and the general directors at the Ministry of Minerals – the two ministers directed the activation of a mechanism to collect outstanding government dues from company-imposed fees before the end of the current year.

The Minister of Finance linked the installment or deferral of funding payments for companies to the approval of the Ministry of Finance. He affirmed the government’s commitment to regulating the mining sector’s performance and reviewing the laws and regulations governing its operations.

Meanwhile, the Minister of Minerals emphasized tight coordination with the Ministry of Finance at all levels, aiming to develop a unified vision to improve the performance of the mining sector and serve the public interest.

The Undersecretary of the Ministry of Finance, Abdallah Ibrahim, stressed the importance of reviewing the government’s debts with companies through the National Audit Office, in addition to reassessing concession agreements, work contracts, and tax exemptions granted to companies, as well as evaluating their performance. He emphasized the need to enforce financial and accounting controls in every company from the exploration phase to production.

At the end of the meeting, it was agreed to form a joint committee between the two ministries to follow up on performance at all stages.

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