SUDAN WATCH: Chinese firm signs deal to explore gold in Gibait, Red Sea State, Sudan

Friday, May 22, 2009

Chinese firm signs deal to explore gold in Gibait, Red Sea State, Sudan

From TradeInvest Africa (Cape Town) 22 May 2009 - via AllAfrica:
Sudan: Chinese Firm Signs Deal to Explore Gold
Chinese company Poly Technology in partnership with Sudanese firm Dan Fodio have won exploration licenses for gold in the Red Sea state.

They are expected to start work soon in the Gibait area, thought to be rich in minerals.

It is estimated 20 tonnes of gold exist in the area.

According to a report in the Sudan Tribune, Dan Fodio and Poly Technology are already partnering to explore iron in eastern Sudan.

Established in 1981 as a construction and trading company, the Dan Fodio Corporation comprises 32 companies involved in oil industry, dam construction and major agriculture schemes.

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