Mining industry of South Sudan
Local mining industry / From Wikipedia, the free encyclopedia
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South Sudan is one of the African countries known as an important oil producer, whereas, South Sudan also has mineral resources like copper, gold, diamonds, limestone among others. Government is promoting investment particularly in exploration and also developing the mining projects in South Sudan.[1]
The mining industry of South Sudan started operating from the time South Sudan became a regional government of Sudan in 2005. Its inheritance was a well developed petroleum industry with an extensive network of pipelines passing through Sudan. However, contractual allotments in mining lacked any form of regulatory framework, resulting in the legislative assembly imposing a moratorium on mining licenses in November 2010. With independence in 2011, the petroleum industry was halted. Subsequent to this event, interest in mining non-fuel minerals has emerged and a new Mining Act has come into effect from December 2012.[2]