Mining News
-
CY Plus to establish new production plant in cooperation with Petroleum Ministry
Sodium cyanide is a significant component of the gold extraction process from rocks, the new production line is said to increase gold quantities.
-
Now is a good time to buy gold, says Egyptian commerce official
Milad explained that gold is a long-term investment as it is a store of value, indicating that its price is currently suitable for purchase.
-
Egypt’s gold reserves at $7.9 billion by the end of July: CBE
The CBE added that the value of foreign currencies included in the cash reserve declined to $26.530 billion by the end of July.
-
Egypt receives 600 kg of duty-free gold in 3 months
Travelers to Egypt have brought around 600 kilograms of gold from abroad under a national decree exempting gold from customs duties.
-
Egypt extends deadline for gold mining exploration bid in Eastern Desert until November
Egypt's state-owned Shalateen Mineral Resources Company (SMRC) has decided to extend its bid round until 9 November.
-
Demand for gold bars and coins in Egypt records 300% in Q2 2023
The report showed that growth was universal across the MENA region, but Egypt was of the largest contributors by far along with Iran.
-
Sukari Gold Mine records 8% increase in production during H1 of 2023
Centamin aims to produce a quantity of gold ranging from 450,000 to 480,000 ounces during the current year, according to the report.
-
Egypt signs framework for mining terms with Barrick Gold and Centamin
This is a new regulatory framework for mineral exploitation, under which 30-year exploitation licenses will be awarded to miners.
-
Centamin Reaches Agreement with the State on Tax Regime for Future Gold Discoveries
Egypt aims to increase the mining sector's contribution to GDP from less than 1% in the last decade to 5% by 2030.
-
Centamin aims to produce up to 480,000 ounces of gold in 2023
The Jersey-based gold mining firm produced 440,000 ounces of gold in 2022, Hassouna said.
-
Eurasian Resources Group expresses interest in investing in Egypt's market
The Eurasian Resources Group specializes in mining, energy, transportation, and marketing operations in 16 countries worldwide.
-
Egypt to tender precious metals mining projects
Egypt will launch a group of tenders in the mining sector for resources including precious metals, phosphate, sulfur, and potash between July and Sep
-
Egypt’s gold exports decline by 45% in 5M 2023
Egyptian exports of jewelry and precious stones are still focused on some traditional markets without opening new markets for exports.
-
Egypt to pen gold exploration contracts with Centamin, Barrick Gold within days
Centamin is pumping investments worth $9.1mln for exploration in 19 sectors.
-
All you need to know about Egypt's coming Mining Forum 2023
The forum, organized by the Ministry of Petroleum and Mineral Resources, highlights 120 years of geological discoveries in the country.
-
Golden Triangle development project is a vital national project, PM
The meeting emphasized the Safaga region, prioritizing it as a crucial phase in the Golden Triangle Economic Development Project.
-
Egypt to establish 6 complexes to extract gold in Eastern Desert
The government-affiliated Shalateen Mineral Resources firm is working to establish these complexes.
-
Egypt: ASCOM shifts to $1.24mln profits in Q1-23
The revenues amounted to $3.68mln in the first three months of 2023.
-
Egypt raises gold jewellery processing fees by 10%
The Gold Division at the Cairo Chamber of Commerce announced on Sunday raising the gold processing fees for gold jewellery by 10 percent as of 1 July.
-
Strategic Partnership between “Dahab Masr” and “EgyCash” to Develop the Precious Metals Market
This technology works to create a fair investment atmosphere that allows investors to Practice their rights to buy and sell at any time.