Chinese Government provided $43 million grant to conduct South Sudan's geological survey (Linked to Project ID #31210)
Commitment amount
$ 48505571.74416291
Adjusted commitment amount
$ 48505571.74
Constant 2021 USD
Summary
Funding agency [Type]
China Ministry of Commerce [Government Agency]
Recipient
South Sudan
Sector
Industry, mining, construction (Code: 320)
Flow type
Grant
Infrastructure
No
Category
Project lifecycle
Description
On September 9, 2013, it was reported that the Chinese Government would provide a $43 million grant to conduct South Sudan's first geological survey. The funds from this grant were expected to arrive in South Sudan by the end of September 2013. The study will help to determine South Sudan's mining riches and also assist South Sudan in providing mining licenses as it looks at extracting gold and other metals, including copper and iron ore.The geological surveys that were conducted in the 1970s and 1980s suggest that South Sudan may have rich deposits of gold, copper and uranium. However, since those surveys were conducted, South Sudan's mineral resources have remained untapped due to the ongoing civil war. As of December 2019, the president of China Mineral Resources Group Co. Ltd, Wang Pingwei, visited Juba and met the country’s finance minister Salvatore Garang, petroleum minister Awou Chuang and held in-depth discussions and negotiations on the national geological survey project in South Sudan. This project is linked to project #31210.
Number of official sources
0
Number of total sources
10
Details
Cofinanced
No
Direct receiving agencies [Type]
South Sudan Ministry of Petroleum and Mining [Government Agency]