Office of the newly-launched gold company in Juba. (Photo: Sarah Atoc).

BTC Global, an Egyptian own company on Thursday launched the first Gold refinery in South Sudan.

The company is located in Munuki along Bilpam in Juba.

BTC Global is the first gold refinery company to be established in South Sudan.

The company will specialize in buying and selling raw gold, scrap gold, and ingos using the most advanced technology.

BTC Global comes from a history of 85 years of history in the Egyptian market, leading the billion trading and gold refining in Egypt and the Middle East.

The services BTC Global offer are mining, refining, and exporting gold.

Mr. Raffat Nasser a BTC Global Board Member said.

“We work and operate in several sectors, production of different precious metals like silver gold, and diamond jewelry also we do packages for jewelry boxes and all of that,” Nasser said.

“BTC is leading in making coins and bars and ingot and also refining precious metals. What we have here is phase one of the refineries in which we trade in gold at different purities.”

“We refine this gold by pure makings as well as making assessments of the good purity, so you can get powder gold, you can get nuggets, ingots, and different forms of gold.”

Nasser said the company will increase its capacity by creating a manufacturing firm and also a jewelery school.

“Because in Egypt, we have a school about jewelry making. It’s a partnership with the ministry of education going to the biggest gold schools,” he said.

“We are optimistic about building a new relationship with the South Sudanese people and of course, they have been welcoming to us, and this is what we are most optimistic about, creating new jobs and enhancing this industry in South Sudan.”

For his part, the Undersecretary for the Ministry of Trade and Investment, Yel Luol Koor called on the company to work hand in hand with the ministry of investment.

Mr. Luol  said the partnership with the government will help the company to enjoy privileges such as a certificate of recognition from the ministry as a legal operation investment company.

The inauguration ceremony was attended by Vice President Taban Den Gai, General David Yau Yau, the Undersecretary for the Ministry of Trade and Investment, Yel Luol Koor, and Central Bank governor Johny Ohisa Damian, among others.