{"id":13123,"date":"2022-03-21T11:44:44","date_gmt":"2022-03-21T11:44:44","guid":{"rendered":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/govt-pleas-for-funding-to-boost-mining-sector"},"modified":"2022-03-21T15:32:05","modified_gmt":"2022-03-21T15:32:05","slug":"govt-pleas-for-funding-to-boost-mining-sector","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/govt-pleas-for-funding-to-boost-mining-sector","title":{"rendered":"Gov\u2019t pleas for funding to boost mining sector"},"content":{"rendered":"

Africa-Press – South-Sudan. <\/strong><\/span>By Bida Elly David<\/b><\/p>\n

The Ministry of mining over the weekend called on Commercial banks to finance the development of the mining sector in the Country. Speaking during a one-day meeting with heads of commercial banks on the presentation of the mining status in the Country, Martin Gama Abucha the National minister of Mining said that there was a need for the banks to influence transactions between private foreign investors and the government.<\/p>\n

The meeting was attended by heads and delegates of Nile commercial bank, Buffalo Bank, Eco, Cooperative, Equity, and many others. He said that the mining sector requires investments for infrastructures including pre-investment expenditures on the exploration and production facilities. The banks through loans would enable the government and investors to purchase new equipment and refurbish existing plants as well as ramp production.<\/p>\n

\u2018\u2019There is a need for the banks to influence transactions between private foreign investors and the government to finance the mining sector towards its growth. The mining sector requires investments for infrastructures including pre-investment expenditures on the exploration and production facilities. The banks through loans would enable government and investors to purchase new equipment and refurbish existing plants as well as ramp production\u2019\u2019 Gama said<\/p>\n

Furthermore, he reiterated that South Sudan\u2019s metals and mining sector has deposits of copper, diamond, gold, iron ore, lead, limestone, manganese, marble, and zinc mined for profit and then used in jewelry-making, industrial applications and investments but due to lack of finance, mining them became a problem.<\/p>\n

He called on commercial banks to provide loans to facilitate the investment of the sector to gain potential towards reducing the unemployment rate in the Country.<\/p>\n

\u2018\u2019 South Sudan\u2019s metals and mining sector have deposits of copper, diamond, gold, iron ore, lead, limestone, manganese, marble, and zinc mined for profit and then used in jewelry-making, industrial applications and investments but due to lack of finance, mining them became a problem. I call on commercial banks to provide loans to facilitate the investment of the sector to gain potential towards reducing the unemployment rate in the Country. He added<\/p>\n

However, Osama Muhammad Bilal, the manager of Nile Commercial Bank said that government should provide an enabling environment for banks to invest in the sector.<\/p>\n

\u2018\u2019Mining is one of the most important areas of our resources in South Sudan but we have been left behind. People have been concentrating mostly in oil leaving behind the Gold and Diamond\u2019\u2019 He said<\/p>\n

The meeting resolved way forwards towards mapping, geological survey, and lab examination to facilitate simplification of mining activities in the Country.<\/p>\n

For More News And Analysis About South-Sudan<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Sudan. By Bida Elly David The Ministry of mining over the weekend called on Commercial banks to finance the development of the mining sector in the Country. Speaking during a one-day meeting with heads of commercial banks on the presentation of the mining status in the Country, Martin Gama Abucha the National minister […]<\/p>\n","protected":false},"author":84,"featured_media":13122,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[234,265,233],"class_list":["post-13123","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-africa-press","tag-africa-press-south-sudan","tag-south-sudan"],"yoast_head":"\nGov\u2019t pleas for funding to boost mining sector - South Sudan<\/title>\n<meta name=\"description\" content=\"By Bida Elly David The Ministry of mining over the weekend called on Commercial banks to finance the development ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/govt-pleas-for-funding-to-boost-mining-sector\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t pleas for funding to boost mining sector\" \/>\n<meta property=\"og:description\" content=\"By Bida Elly David The Ministry of mining over the weekend called on Commercial banks to finance the development ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/govt-pleas-for-funding-to-boost-mining-sector\" \/>\n<meta property=\"og:site_name\" content=\"South Sudan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-21T11:44:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-21T15:32:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2022\/03\/img-62389a59c6174.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"419\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/govt-pleas-for-funding-to-boost-mining-sector#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/govt-pleas-for-funding-to-boost-mining-sector\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Gov\u2019t pleas for funding to boost mining sector\",\"datePublished\":\"2022-03-21T11:44:44+00:00\",\"dateModified\":\"2022-03-21T15:32:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/govt-pleas-for-funding-to-boost-mining-sector\"},\"wordCount\":448,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/govt-pleas-for-funding-to-boost-mining-sector#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2022\/03\/img-62389a59c6174.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Sudan\",\"South-Sudan\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/govt-pleas-for-funding-to-boost-mining-sector#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/govt-pleas-for-funding-to-boost-mining-sector\",\"url\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/govt-pleas-for-funding-to-boost-mining-sector\",\"name\":\"Gov\u2019t pleas for funding to boost mining sector - 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