International news within the industry of mining and metal, Nov, 15 2018
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Australian miner invests in Sudanese gold mining

Photo by Orca Gold
Photo by Orca Gold
Published by
Jaroslaw Adamowski - 30 May 2018

African investment Australias Resolute Mining has acquired a stake valued at A$22.5 million in Orca Gold, a player in Sudans gold industry with current mineral resources of 3.8 million oz of gold. 

 

Resolute Mining and Orca Gold are planning to collaborate on mining opportunities in Sudan, Côte DIvoire, and elsewhere in Africa, the Australian company said in a statement.

 

"Current annual production from Sudan of more than 3 million ounces of gold is sourced from small scale and artisanal mining activity. Similar to Resolutes entry into Ghana and Tanzania in the late 1990s, we are convinced this region of Africa will soon host new modern gold mines," said John Welborn, the managing director and CEO of Resolute Mining.

 

Listed on the Toronto Stock Exchange, Orca Gold says it is engaged in the acquisition, exploration, and development of mineral properties in North and West Africa.