Embassy of the Republic of the Sudan in Berlin

Finance Ministry Issues Strict Directives to Regulate Mining Companies' Performance

Minister of Finance, Dr. Gebriel Ibrahim has directed the need to activate the laws governing the relationship between the government and companies operating in the mining sector, including concession companies and those operating in mining waste. He also called for activating the mechanism for collecting arrears of the government's share of fees imposed on them before the end of this year, with strict implementation of these laws.
This came during his meeting on Sunday with the Minister of Minerals, the Undersecretary of the Ministry of Finance and others at the Ministries Complex in Port Sudan, where he called for the payment of financing installments for companies to be paid in installments or postponed at the consent of the Ministry of Finance. He emphasized the government's interest in regulating the mining sector's performance and reviewing the laws and legislation organizing its activities.
Minister of Minerals, Nour El-Dayim Mohamed Ahmed Taha stressed the need for close coordination with the Ministry of Finance at all levels with the aim of developing a unified vision to develop the mining sector's performance and achieve the public interest.
A comprehensive report was reviewed, during the meeting, on the sector's performance, the challenges it faces, and ways to address them.
The Undersecretary of the Ministry of Finance, Abdullah Ibrahim, underlined the necessity to review the government's debts to companies through the Auditor General, in addition to reviewing concession agreements, labor contracts, and exemptions granted to companies and reviewing their performance, asserting the need to activate financial and accounting performance controls for each company, from the exploration phase to production stage.
The formation of a joint committee between the two ministries was underscored to monitor performance at all stages.