South Sudan is open to investment in the oil and minerals sector, the country’s deputy minister of petroleum and mining, Elizabeth James Bol, has said, explaining that it is in the interest of the government to diversify economy, years after depending on solely oil.
Elizabeth James Bol said South Sudan has “abundant resources” some of which have not been discovered and that the government is discussing with the international companies to explore areas with potential oil and mineral resources so that it can move away from dependency on oil. “This country has huge mineral resources. It has gold, zinc, copper and diamonds. Some other minerals have not been discovered. There have been talks about uranium and other minerals”, she said, explaining that exploration needs to be carried out.
The official made the pronouncement weeks after the country’s ministry of commerce, industry and investment signed number of memorandum of understandings with some international companies to invest in various areas.