South Sudan Awards Two Mineral Exploration Licences

Posted by Eric Haun
Tuesday, April 08, 2014

South Sudan has awarded provisional licences to two companies for mineral exploration as it attempts to diversify the economy away from oil, a government official told Reuters on Tuesday.

South Sudan is rich in gold and also probably has reserves of other minerals such as copper, uranium and clay which it hopes to exploit with the help of investors.

Arkangelo Okwang Oler, the director of mining in the national ministry of petroleum and mining, said the licences were awarded to South African firm New Kush and Equator Gold, whose parent company is incorporated in Jersey.

The country, one of the world's least developed countries after decades of civil war and which seceded from Sudan in 2011, wants to attract mining investment to kickstart development.

The world's newest country narrowly avoided civil war when troops loyal to sacked Vice President Riek Machar rose up against the government of President Salva Kiir in mid-December.

Juba is also trying to diversify the economy away from oil which used to make up 98 percent of the budget until South Sudan shut down its output of 350,000 barrels per day a year ago during a row with Sudan over export fees.

Eastern Equatoria is believed to contain commercially viable mineral deposits of gold and limestone.

"There are a lot of minerals in Eastern Equatoria," Oler told Reuters. "You get gold, limestone and you may also get other associated minerals like silver," he said.

South Sudan's parliament passed a bill in 2012 that ended a moratorium on mining since 2010.

Oler said New Kush is destined for its first exploration drilling in two weeks in Nadapal in Eastern Equatoria state.

"When the drilling rigs come, possibly in a week or two to Nadapal, drilling commencement will kick off. We feel we needed to confirm the 'commerciality' of the deposits by the two companies," he said.

South Sudan is still trying to map out its resources, a difficult task in a country the size of France where only 300 km (190 miles) of paved roads exist.

"We are still working, our block system has not been approved. We are grading the country into squares of 50x 50 km squares for a maximum exploration block," he said.

(By Carl Odera; Writing by James Macharia, editing by David Evans)

Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Bulk Carrier Trends

DryShips Reaches Agreement with Ocean Rig

DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk and petroleum cargoes, and through its subsidiary, Ocean Rig UDW Inc.

Shanghai 6th Best Shipping Center Globally

Shanghai has moved up the rankings of the world’s top shipping centers to sixth place, surpassing Dubai thanks to Free Trade Zone regulations and the Belt and Road Initiative,

ClassNK Releases Guidelines for CNG Carriers

Classification society ClassNK has released its Guidelines for Compressed Natural Gas (CNG) Carriers.   Global economic and population growth is bringing about

Energy

South China Sea Hotline in the Works

China and Southeast Asian nations have agreed to set up a foreign ministers' hotline to tackle emergencies in the disputed South China Sea, a senior official of

NOIA Applauds Senate Passage of OPENS Act

NOIA President Randall Luthi issued the following statement on the Senate Energy and Natural Resources Committee’s passage of the OPENS Act, which will open new

Shell Moves Ahead in Arctic with Exploratory Well

Shell Oil's icebreaker MSV Fennica weaved through nine remaining protesters hanging from the St. Johns Bridge and made its way toward the Pacific Ocean.   Authorities

News

DryShips Reaches Agreement with Ocean Rig

DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk and petroleum cargoes, and through its subsidiary, Ocean Rig UDW Inc.

Cruise Industry Wins Key Norovirus Judgment

In what is being seen as a landmark decision, Hill Dickinson is the first law firm to have successfully defended a UK class action case involving a Norovirus outbreak onboard a cruise liner.

South China Sea Hotline in the Works

China and Southeast Asian nations have agreed to set up a foreign ministers' hotline to tackle emergencies in the disputed South China Sea, a senior official of

Government Update

South China Sea Hotline in the Works

China and Southeast Asian nations have agreed to set up a foreign ministers' hotline to tackle emergencies in the disputed South China Sea, a senior official of

Calais Port Blocked Again by Protesters

Protesting ferry-workers blocked road access to the northern French port of Calais with burning tyres on Friday, police said. The workers have in recent weeks

Three Rescued on Lake Tahoe

The Coast Guard and multiple agencies rescued three people Wednesday evening after they were reported missing on Lake Tahoe. At 9:45 p.m., Coast Guard Sector

 
 
Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1376 sec (7 req/sec)