Mining News
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The revival of Egypt’s mining industry
With a wealth of untapped mineral resources, a historical legacy in mining, and a renewed governmental focus, the sector is poised for growth.
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Egypt, S. Arabia discuss strengthening bilateral cooperation in industrial, mining sectors
Madbouly emphasized that Egypt offers many promising investment opportunities in the industrial sector from which Saudi companies can benefit.
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Egypt to announce new gold exploration tender in early 2025
The Egyptian Ministry of Petroleum, led by Minister Karim Badawi, is set to launch a new gold and associated minerals exploration bidding process.
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MoPMR, AngloGold Ashanti Sign Draft Agreement for Gold Exploration
The meeting also discussed the status of searching and exploration operations at the concession areas that were acquired by the company.
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Saudi Arabia Eyes Mining Opportunities in Egypt
Badawi highlighted the ongoing development efforts within the Egyptian mining sector and the initiatives to create an attractive investment climate.
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Algeria, Egypt Discuss Energy, Mining Collaboration
Potential areas for collaboration include oil and gas exploration, infrastructure development, power stations and mineral resource utilization.
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Egypt Gold exports hit $2,1 billion in nine months
Egypt’s gold exports reached $2,17 billion in the first nine months of this year, compared to $1,11 billion in the same period of 2023.
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Gold prices surge 6% in one week amid increasing demand for safe havens
The price of gold rose by 6% over the past week, reaching a two-week high of $2,716 per ounce, after opening at $2,567 per ounce.
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Gold suffers worst weekly drop in 3 years
Gold prices plunged significantly, losing more than $220 from its all-time high recorded last month.
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Egypt aims to boost mining sector’s GDP share from 1% to 6%
The mining sector aims to increase its contribution to Egypt’s Gross Domestic Product (GDP) from the current 1% to 5-6%.
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All about Aton Resources’ new gold processing plant
In sum, Aton Resources is not only advancing gold mining in Egypt but also redefining what responsible mining could look like in the 21st century.
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Egypt's aims to boost mining sector contribution to 5-6% of GDP
The minister emphasized Egypt’s goal to transform its mining sector, noting its current contribution of approximately 1 percent to the national GDP.
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Egypt’s balance of gold in foreign reserves at US$ 11 billion
The CBE said that this balance was at US$9.384 billion, equivalent to about LE448 billion, at the end of April, and the increase is about LE 101 bln.
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Egypt to Launch Gold Exploration Bid
The bid round will cover over 200 areas in the region, with the aim of attracting international mining companies and investors.
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Minerals come into focus as Egypt wrestles with oil reforms
The country plans to launch the website early in the first quarter of 2025, Badawi said.
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Egypt gold prices jump 1.2-1.9% on Tuesday
On Tuesday, global gold prices increased by 0.22 percent compared to Monday, reaching $2,743 per ounce, according to Gold Price.
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Centamin's shareholders approve its acquisition by AngloGold Ashanti
Gold mining company Centamin's shareholders have approved the company’s acquisition by South Africa's AngloGold Ashanti, with 98 percent.
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Gold breaks above $2,700 to record high
Gold prices hit a record high above $2,700 on Friday as traders piled into the safe-haven commodity at a time of heightened geopolitical uncertainty.
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6 key facts about the Sukari gold mine
The Sukari Gold Mine stands as a vital asset in Egypt’s mining sector, contributing to local employment and economic stability.
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AngloGold’s $2.5bn takeover of Centamin approved by Egypt
The deal would make the South African gold miner the world’s fourth largest producer of the precious metal as it hands it the key to the Sukari mine.