London-listed Pan African Resources, which already operates three gold mines in South Africa, has decided to turn to Sudan, a country rich in the yellow metal and now open to foreign investors. Companies from China, Iraq, and Armenia have also obtained permits from the authorities. Of the nine exploration permits awarded by mining minister Mohamed Bashir Abu Numo in mid-June, two for gold in the northern Red Sea State were awarded to Pan African Resources, a company listed on London's Alternative Investment Market (AIM) but headquartered in Johannesburg. The company has been interested for many months in Sudan, which has benefited from a renewed interest from investors around the world since the lifting of US sanctions at the end of 2020, followed by the decision to return to conventional finance and debt relief during the Paris conference last May (AI, 09/06/21).
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