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China to Fund South Sudan’s Mining Industry, Grant $43 Million

China to Fund South Sudan’s Mining Industry, Grant $43 Million

From Voice of America

China has pledged a grant of $43 million to finance improvements to South Sudan’s mining industry, with the funds expected to arrive by the end of the month, South Sudanese Petroleum and Mining Minister Stephen Dhieu Dau said Monday.

Among the projects that will be funded by the Chinese grant will be a geological survey that will help to map South Sudan’s mining riches.

Geological surveys conducted in the 1970s and ’80s show that South Sudan may have rich deposits of gold, copper and uranium. But since those surveys were conducted, South Sudan’s mineral resources have remained unexploited.

Read more at voanews.com