South Sudan

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South Sudan is a country located in northeastern Africa. Prior to 2011, South Sudan was part of Sudan. South Sudan has an estimated population of 11,431,298 (2021) and a land mass of about 248,777 m2, with a GDP of 4.6 Billion USD (2021) however there has been no serious exploration and development since 2005 because of the wars although the market for exploration has begun to expand as more foreign and local investors see the potential of South Sudan. Out of the 32 states in South Sudan, 11 are richly endowed with 16 mineral deposits – Oil, gold, copper, cobalt, zinc, iron ore, marble, limestone, diamond, bauxite, dolomite, silver etc. According to World Data Atlas South Sudan has an estimated oil reserve of 162.72 thousand barrels per day as at February 2021. South Sudan has gold as their major resource producing as much as 36.6 tons in 2020.

Quick Facts

Gold

Primary Mineral

> 1,000 MT

Estimated Reserves

Undisclosed

Tax Benefits

60,000 ASM

Active resource businesses

The republic of South Sudan got its independence from Sudan in July 2011 after the longest African civil war. As a country which is land–locked and the its resources occurring in remote areas, the transportation of heavy equipment, haulage and accommodation of proficient manpower in the remote regions and the adjustment back to civil life after the long war have shown to be the challenging factors in the South Sudan mining Sector.

The mining industry of South Sudan started operating from the time South Sudan became a regional government of Sudan in 2005. South Sudan ease of doing business index was at level of 34.62 score in 2020, up from 33.64 score previous year, this is a change of 2.92%. South Sudan is ranked 185 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of South Sudan remained unchanged at 185 in 2019 from 185 in 2018.

South Sudan’s Minister of Mining, is optimistic about the interest of investors already present in the country while also mentioning that the sector needs Foreign Direct investment (FDI) from personal and group investors also putting attractive regulatory frameworks in place to ensure economic growth to boost its resources and related output seeing as there has been a lot of verifications done by UK, Germany and Belgium.

Due to the rapid growth in the mining and exploration sector, the government of South Sudan has created an atmosphere that is welcoming, friendly and willing to accept new and promising investors by pushing for private partnerships and incentives such as custom free importation of mining equipment, favourable foreign exchange rates etc. This was further improved when the mining regulations of 2015 was released and had a maximum of one hundred and five (105) days to approve any License after the application registration date. With the major resource of South Sudan being the people the Ministry of Mines has established a special programme to support local and artisanal miners who will have the rights to acquire small scale mining concessions. They also have the right to work with outside investors.

OIL: This was once the majorly mined resources as it helped to build South Sudan’s economy. This can be found in Jonglei, Warrap, Lakes, Adar, Fula, Palogue, and Unity. Oil exports in 2014 wereaccounted to be over USD 1.25 billion

GOLD: This is the next focus after the global oil price drop which can be found in Juba, Nanakanek and near the town of Abu Hamed in Nile State. It has since then become the top mined resources. Accounting for over 36 percent of their GDP and having exported over USD 1.27 billion worth of gold in 2014.

Oil and Gold are the two major resources been mined, there are other resources such as copper, lead, zinc, nickel, marble, and various rare earth metals were discovered but quantification was not done. They are also optimistic in finding prospects for diamonds, gold, chromite, copper, uranium, manganese and iron ore.

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