Mining News
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Egypt’s Mine Gold Reserves Reach 25 Million Ounces
With the majority being mined in Sukari in the Eastern Desert, Egypt’s annual gold production rates are about 15.8 tons.
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Beltone to launch gold fund in Egypt
The FRA has established a regulatory framework specifically for investment funds in metals.
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Large Gold Deposit Discovered in Egypt
Martin Horgan, the CEO of Centamin, has revealed a substantial gold deposit discovery in eastern Egypt.
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Egypt’s gold reserves at mines hit 25 mln ounces
The amount of gold remaining in Egyptian mines amounts to at least 25 million ounces (or over 781 tons), said Nagi Farag.
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Egypt, Saudi Arabia sign MoU for mineral exploration
Alkhorayef affirmed the joint commitment to strengthen collaborative mining efforts and facilitate the private sector’s investment in mining.
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Centamin's eastern Egyptian maiden drilling reports strong results
Centamin PLC on Tuesday said that its eastern Egyptian desert exploration programme had yielded an "encouraging set of maiden drill results".
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Egypt gold market between highs and lows
Understanding the dynamics at play sheds light on Egypt's unique gold market situation. Here are some key insights into Egypt's gold price state.
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Supply Min. Seizes 84 kilograms of Counterfeit Jewelry in 2023
The Ministry of Supply and Internal Trade has issued 282 violation reports related to the control of markets dealing with precious metals.
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Egypt set to launch mining portal for investors
This platform is designed facilitate investment opportunities for those interested in setting up minerals project in Egypt.
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Gold Prices in Egypt Soar, Reaching 3050 EGP per Gram
In a significant development, the price per gram of gold in Egypt reached 3050 Egyptian pounds on Sunday, December 24, 2023.
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Egyptian 21-carat gold price to surpass EGP 3,000 by mid-2024
Dahab Masr projects that the price of 21-carat gold in Egypt will cross EGP 3,000 before mid-2024, as indicated in their technical analysis report.
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Centamin raises estimate for Egypt’s Sukari gold mine reserves by 10%
Global gold mining company Centamin has raised its estimates of gold reserves in Egypt's largest producing mine by 10 percent.
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Gold industry is pillar of Egyptian manufacturing: New Egypt Gold
The gold and jewellery sector occupies a prominent role in Egyptian manufacturing, owing to its rich heritage and exceptional quality.
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AHK Gold Company initiates drilling operations in Egypt's Wadi Dabur region
Egyptian businessman, Naguib Sawiris announced, through a tweet on X, that the initial drilling aims to cover 10,000 meters within two months.
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Egypt court rules in favor of Centamin, ending 12-year legal dispute
A third-party filed a lawsuit against Centamin in 2011, challenging the validity of the Sukari’s exploitation lease.
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Egypt Targets a $250 Million Jump in Gold Exports by 2024
Ihab Wassef, the head of the Gold and Precious Ores Division, announced this target at the Nubia International Gold and Jewelry Exhibition.
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Gold Era plans to invest $32mln in a new gold factory in Egypt
Chairman John Luca told Zawya Projects that company will invest EGP500 million ($16 million) to develop production capacity.
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Egypt: Canadian Lotus to Explore Gold in Egypt's Desert
Lotus won two rounds of a gold exploration tender by the EMRA in 2020 and 2021 for exploration concessions in a total area of 1,219 square kilometres.
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Nebu Expo for Gold & Jewelry to kick off on Sunday
The Expo featured 10 international companies from five different countries: the UAE, China, Turkey, Italy, and Germany.
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Revolutionizing gold investment with Egypts new contact gold coin
During the launch promotion, these coins are offered at an attractive price of EGP 2500 for the 8-gram variant and EGP 620 for the 2-gram variant.