Mining News
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Geodrill secures contract for 10 000 m of drilling at Aton’s Egypt concession
Geodrill to undertake a 10 000 m programme of reverse circulation (RC) percussion drilling at the Abu Marawat Concession, in the Eastern Desert.
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Centamin backs annual guidance as quarterly output increases on year
Revenue for the first quarter was USD205.2 million, up 18% from USD174.6 million a year earlier.
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Egypt's gold market resists global price decline with unwarranted increase
The Egyptian Gold and Jewellery Trade Division (EGAJTD) said Egypt's gold market is experiencing an unwarranted increase of 2 percent.
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Who Is Controlling Gold Price Movements in Egypt?
He added that 24k gold reached 2685EGP, 18k sold at 2015EGP, 14k at 1567EGP, and gold pound at 18800EGP.
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Egypt among top gold production countries in Africa
The African continent represents about 27.4% of the total global production of gold, amounting to nearly three thousand tons annually.
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FRA issues regulations for investment funds in minerals
The investment manager is obligated to deal in buying and selling minerals through the entities registered in the register.
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Ascom’s consolidated losses down 5% YoY in 2022: Egypt
The company is engaged in geological exploration, mining and quarrying of raw materials, and developing mining operations.
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Gold prices in Egypt fall 2% affected by bank certificates high yields
The 21-karat gold price, the most common, recorded EGP 2,165 per gram on Saturday, down by 2% compared to last week’s EGP 2,210 per gram.
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Bid announced for exploring and exploiting gold mines in Egypt
Interested companies can access this information starting from April 10th, 2023, through SMCR's website or head office.
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Centamin’s 2030 decarbonisation roadmap focuses largely on Egypt project
Gold miner Centamin has published an interim decarbonisation roadmap to 2030, which targets a 30% reduction in its operational Scope.
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Sukari gold mine produces 5.2mln ounces of gold since inception
The Sukari gold mine has produced 5.2 million ounces of gold since it began operations in 2009 until February 2023.
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Egypt’s gold reserves rise to $7.773 billion in January
Net international reserves reached $34.224 billion in January 2023, from $34.003 billion in December 2022.
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Egypt Begins Experimental Production of Gold in ‘Iqat’, Says El-Molla
El-Molla made these remarks during his visit to the Iqat site, where he inspected the progress of the works and the progress of the gold production.
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Silicon Valley crisis will increase Egypt’s gold prices
The bankruptcy of Silicon Valley Bank is an indicator of a major economic crisis that may be similar to the 2008 crisis.
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Egypt exports two gold jewelry shipments to Saudi Arabia
This is in place to implement presidential mandates to increase Egyptian exports to US$100 billion.
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Gold jumps by EGP 152 in week
Gold rose by 9%, domestically, last week, followed by a 2.4% rise in the gold ounce in the international markets.
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Rise in gold prices revives Diamond market in Egypt
Abbasi added that engagement rings are traded in the local market, with prices that currently range between 10,000 and 20,000 pounds.
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Gold division negotiates Egypt’s accession to world jewellery confederation
The head of the gold division added that joining the CIBJO requires strengthening the Egyptian presence of the gold and jewelry industry globally.
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An overview of gold markets in the past 30years
Over the past thirty years, the gold market has materially evolved, becoming more diverse both from demand and supply perspectives.
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Egypt 3rd in world in gold strategic reserves
Egypt has become the third in the world in terms of increasing the strategic reserves of gold, exceeding 125 tons, up from 75 tons.