invest in south sudan’s ministry of petroleum & mining ... the south sudan investment...
TRANSCRIPT
The Republic of South Sudan Ministry of Petroleum & Mining strives to capitalize on the country’s vast oil and mineral wealth in a proactive and responsible manner. The Ministry manages and develops the energy and mining sectors, to sustainably and responsibly unlock South Sudan’s natural resources for the long-term growth of the country. Please see http://www.mpmrss.org/ for more information.
Honorable Stephen Dhieu DauMinister for Petroleum and Mining
Arkangelo Okwang OlerDirector General of Mineral [email protected] | +211 (0) 921 376 848
James Yousif KunduActing Director General of Geological [email protected] | +211 (0) 955 950 917
Government of South Sudan Websitewww.goss.org
Ministry of Petroleum & Mining
SOUTH SUDAN
Invest in South Sudan’s MineralsSteps Est. Time Cost
1. Engage the South Sudan Investment Authority to understand investment opportunities and process
1-2 working days
Free
2. Secure letter of no objection from Ministry of Foreign Affairs (optional if below documents are notarized from home country)
1-2 working days
Free
3. Register a business through the Ministry of Justice to receive Certificate of Incorporation. Required documents: Certified copies of the incorporation documents
(Memorandum and Articles of Incorporation) in country of incorporation
Certified copy of the Certificate of Incorporation in country of incorporation
Resolution of the Board of Directors for setting up a branch/subsidiary office in South Sudan
Authorization letter to register a branch/subsidiary office in South Sudan from company legal representative
Initial approval (letter of no objection) from Ministry of Foreign Affairs
Bank statement from country of current incorporation
Cover letter (optional) from a local advocate verifying that the documents comply with all requirements of incorporation
Formal application addressed to the Chief Registrar to be registered as a branch/subsidiary office in South Sudan
5 workings days
1,347 SSP
(approx.360
USD)
4. Open local bank account. Required document: Passports of signatories
2-3 working days
Free
5. Register with the Directorate of Taxation by filling out Form 17 (receive a Taxpayer Registration Certificate & Tax ID). Required document: Business Registration certificate
Same day Free
6. Engage Ministry of Petroleum and Mining on specific business opportunity
— Free
MINING & MINERALS SECTORS
With support from:Undersecretary of Ministry
of Commerce, Industry, and Investment
(Director of SSIA, a.i.)Elizabeth Majok
+ 211 (0) 957 111 486+211 (0) 977 111 486
South Sudan is incredibly rich in natural resources, with promising mineral deposits of gold, uranium, copper, manganese, marble, rare earth, and gemstones
South Sudan is one of the world’s last untouched areas; over 90% of the country has not been explored for minerals in over 50 years
The mineral wealth of South Sudan has yet to be harnessed, with the exception of artisanal gold mining
South Sudan ratified a business-friendly mining bill in 2012 that reopens licenses for foreign firms
After independence in July 2011, most existing mining concessions are on hold or have expired – opening up opportunities for new investors
• South Sudan is no longer subject to U.S. Sudanese Sanctions Regulations: (http://www.treasury.gov/resource-center/sanctions/Programs/Documents/south_sudan_12082011.pdf)
Opportunities for detailed geological mapping, including airborne geophysical and regional geochemical surveys
Potential to develop broader mining services industry, including testing labs, data management, and capacity development
Large mining opportunities in major metals, precious stones, energy minerals, and industrial materials:
– Promising gold prospects – South Sudan’s gold is remarkably pure in comparison to other gold deposits, with little exploration of mother load vein deposits of gold-bearing quartz upstream from the artisanal deposits
– External assessments have reported 2-20 million tons of ore grading 2 to 10% copper
– Many occurrences of massive sulphide deposits, where zinc and lead often occur
– Three areas of anomalous aluminum values of above 4.5%
– High potential for deep deposits of iron covering an area of about 80,000 km2, with Fe2O3 concentrations ranging from 22 to 90%
– Up to 8 million tons of marble suited to high quality cement production
South Sudan offers greenfield opportunities for mining and minerals development, with almost 240,000 square miles of unexplored territory. Previous geological studies and prospecting have uncovered rich deposits of major metals, precious stones, energy minerals, and industrial materials including gold, copper, zinc, lead, rare earth, uranium, manganese, iron, marble/dolomite, and diamonds.
The Ministry of Petroleum and Mining (MPM) recognizes the extraordinary potential of the mining sector and is developing a regulatory framework to encourage the long-term growth of the industry.
Opportunities in MiningMining Overview
Why South Sudan?
Investing in South Sudan South Sudan enacted the Mining Act 2012, which endorses
the Extractive Industry Transparency Initiative and establishes a new mining license system based on international standards
Ministry of Petroleum and Mining is currently in the process of finalizing a mining regulatory framework to open the mining sector to private investors
Investment Promotion Act of 2009 provides investor protections in 7 areas including guarantees against expropriation, protection for intellectual property rights,and mechanisms for dispute resolution
Exponential increases in new business registration and high comparative advantages of doing business make South Sudan an attractive investment destination
Access to key regional and international markets
Plan to develop public-private partnerships to facilitate investment in key sectors
“Geology knows no borders. As neighbors to the DR Congo and Central African Republic, we know South Sudan is rich in minerals. But no one, not even us, knows just how rich.
- James Kundu, Ministry of Petroleum and Mining’s Acting Director General of Geological Survey