60 Kilos of Gold Nuggets was found by a Sudanese Man

This news was translated from a local Newspaper - Publication date 8/12/2010:

"A guy from Eastern Sudan region has found gold nuggets weighted about 60 Kilograms . He brought these nuggets (in it's natural form) to gold refiners in the capital Khartoum and sold them for a  4.800.000 SDG (Sudanese Genes) equals to $1.600.000 USD by that time exchange rates. Bakhiet Mohammed (one of the Rashaeda tribesmen) arrived at the Gold Market in the capital Monday's evening carrying these rock-like gold nuggets in a plastic bag in the back of his truck.
The assayers tested it and found it contains high grade gold (nearly 24 karat). He sold the gold immediately and went off the market happily with his fortune. The biggest nugget found in the gold fields by Artisanal Miners weighed around (21 Kilos)."
 
This news is 5 years old.

Unfortunately NO single pic of these nuggets existed as the local refiners crushed/smashed/melted the aforementioned nuggets and made the gold into Bars apparently I may suspect it is exported to Dubai which is one of the largest gold markets in the world.
 
Of course at that time they didn't know that these nuggets in their natural forms could be worth more money than the gold weight contained in them. An estimation by someone who frequently visits Dubai and know about gold trading accounts  that the actual value of the gold Bakheit's has sold is around $2.374.000  Bakhiet-Mohammed_zps8ovvnkqq.jpg?width=146of the gold prices at that time  (12-09-2010 )

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Comments

  • So True and right into the bulls eye ! It is sad and unfair that is happned and still happening everyday not only on the mining sector but this spreads into other professions as well. Taking advantage of the less informed and poor people and profit and -shame- live on that. To assert what you have said, I hear now and then small miners in remote areas got injured and sadly killed in work sites by poor or non-existence  safety measures . Last year when I prepared to leave the gold camp someone told me there a miner the night before got killed by falling rock over him from the opening of the mine shaft !

    And yet as you have put it , someone else just sitting in a safe -air conditioned - office just negotiates what that poor miner can get out of his hard and dangerous labor ! Cruel world, that is sometimes, but you have to live with that if you have no other Joice.

  • The sad part of this is that, I thought the buyer gave the miner $1600.00 for the gold. That didn't seen like a difficult fact to accept. Miners work really hard for the gold they find and then people that never would be caught dead with a shovel in their hand set the rate that the miner is paid for his labor. Something doesn't seem fair there. Dickb

  • No problem Richard. Yes, if only the problem is exchange rates , it would be marginal. That is why now it is safer to sell your finds to the Central Bank instead of gold traders, at least you get prices pretty close to the global gold prices, not to mention that instead of carrying all that money out in the open you just bank transfer it , so minimum risk of theft or worse !
    To this date I have no idea what has he become, who knows where and what he bought with that hefty sum of cash !

    Dreams are always and still free :)

  • Well, then that is 67% of the gold value. I have no idea what spot was back then, but if the gold was near 24 karat, the buyer still made a very handsome profit. The decimal points confused me. All I can do is dream. I wish that was my problem.  Dickb

  • No Richard, the number is : $ 1,600,000. One Million and Six hundred  thousand dollars !

    Do the math to know how much he lost !

  • Sold $2,374,000.oo for $1600.00 DUH!  I thought pawn brokers ripped you off, they don't even come close to this guy. Dickb

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