Mining Industry of Egypt

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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.

The mining sector aims to increase its contribution to Egypt’s Gross Domestic Product (GDP) from the current 1% to 5-6%.

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.

The minister emphasized Egypt’s goal to transform its mining sector, noting its current contribution of approximately 1 percent to the national GDP.

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.

Energy Events

EGYPES 17.02.2025

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