Mining News
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Gold Prices in Egypt: Calls for Fair Pricing Amid Unjustified Increases
The price for a gram of 21-carat gold stands at EGP 3020, reflecting a subtle increase from the end of last week.
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14 Egyptian companies showcase at Xiamen Stone Fair: EECA
Regarded as a pivotal event for the marble and granite industry, the Xiamen Stone Fair serves as a key networking hub for a vast array of investors.
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Egypt receives 4 offers to explore for gold near Sukari mine
Once the two gold-rich areas are fully explored and developed, three additional regions will be opened up for a fresh round of auctions.
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Gold prices in Egypt soar by 10.8%, 21k-gram jumps by EGP 355
It closed the week’s trading at EGP 3,270 per gram, after opening the week’s trading at EGP 2,915 per gram.
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Gold Prices Increase, 21-Karat at EGP 2900 Amid Rise in Global Stock Market and US Dollar Parallel
The 24-karat gold reached EGP 3314, 18-karat registered EGP 2486, 14-karat gold sold at EGP 1934, and the gold pound hit EGP 23200.
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Shalateen Mineral Resources Company increases gold deposits to CBE by 14%
The company announced that it will deliver a ton of gold with a purity of 99.9 percent by the end of this year to the Central Bank of Egypt.
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Advisor to Minister of Supply: Cabinet Is Considering Proposal to Establish Free Zone for Gold
Faraj has suggested that all duties on imports of gold and precious metals be canceled for Egyptians returning from abroad.
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Egypt Launches First Gold Bullion ATM
Egypt has taken a significant step towards digital transformation and financial inclusion with the launch of its first ATM for gold bullion sales.
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IDSC says Egypt has huge reserve of quartz
The IDSC said the purity of Egyptian quartz reaches 99.9 percent, which is a big asset that earns it a competitive advantage internationally.
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Head of Egypt’s gold division reveals expectations for gold prices in the coming period
The head of the Jewelry and Jewelry Division at the Chambers of Commerce, clarified that circulated rumors regarding the stoppage of gold pricing.
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What is causing turmoil in Egypt's gold market? Official answers
Egypt's recent gold market crisis could be attributed to a significant disparity between supply and demand.
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Egypt's Gold Division Denies Taking Legal Actions Against Traders for Price Fluctuations
The Division assured that these claims are unfounded, with no recorded complaints from traders that could substantiate such events.
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Egypt Continues to See Unprecedented Rise in Gold Prices
This rise contrasts with the global market, where the price of an ounce of gold decreased by about 5 dollars, settling at 2,024 dollars.
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60 firms bid for gold hunting in Egypt
Egypt has closed bidding for the exploration of gold in 31 various sites after 60 companies applied for obtaining permits.
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Egyptian travelers bring over 3.8 tons of customs-free gold to Egypt in 8 months
This came in line with Cabinet decisions, which exempted travelers from paying customs duties and other associated charges.
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New gold mine discovered in Egypt's eastern desert
The advisor to the Egyptian Minister of Supply for Gold Industry affairs, has unveiled the discovery of a substantial gold mine in the Abu Marwat area
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Centamin drilling intersects gold mineralisation in Egypt
Centamin has announced the results of its maiden drill programme on the company’s Eastern Desert Exploration (EDX) landholding in Egypt.
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Centamin propels modern mining rules in Egypt
Egypt’s current mining regulation was based on profit sharing with the government.
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Gold prices in Egypt could decline on high-yield CDs, geopolitical de-escalation: FEDCOC
The de-escalation in the conflict between Russia and Ukraine and the introduction of new high-yield certificates in Egypt could lead to the decline.
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Beltone, Evolve Holding launch new gold investment fund
As a result, gold prices reached an all-time high of $2,078 per ounce in 2023, representing a 15 percent year-on-year increase.