Since 2009 a famous Russian entrepreneur and industrial gold mining expert, Vladimir Zhukov, has invested in geological exploration in the Republic of Sudan. Under his leadership, the team of highly skilled Russian geologists have discovered several gold deposits with largest resources of ever found in the region.
This discovery is extremely important for the country and advances Sudan to a new level of economic development. It will help to attract large investment funds from foreign countries, including Russia. It will insure the development of local gold mining industry for centuries.
Given the importance of the discovered resources, as a part of national welfare, it was decided to establish a Sudanese mining company called SIBERIAN FOR MINING CO.LTD that will manage further gold mining at these deposits.
In summer 2015 our young company was honored by a presence of the President of the Republic of Sudan His Excellency Mr. Omar Hassan Ahmad al-Bashir during a ceremony of signature an exclusive concession agreement for the gold exploration and mining. This agreement was signed in a presidential palace by the Minister of Minerals of Sudan Dr. Ahmed Mohamed Sadiq Al-Karuri and Vladimir Zhukov the Chairman of the Board of Directors of SIBERIAN FOR MINING CO.LTD.
By its own example SIBERIAN FOR MINING CO.LTD. demonstrates the openness and attractiveness of the Sudan for foreign investors looking for investing in the mining industry. The company has scheduled to build up four factories with ore processing capacity of up to 3 million tons each. It will be the first gold mining factory in the Sudan of this level. After their launch, the company plans to enter the list of largest gold companies in the world. The first factory construction will be started in 2016.
The company SIBERIAN FOR MINING CO.LTD. demonstrates the openness and honesty for any aspects of its activity. The geological exploration and reserve evaluation will be conducted in accordance with the Australian JORC code and Canadian NI 43-101. All the company's assets will be the subject of an international audit.