Mining Industry of Egypt

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CBE reports $2.2 Billion growth in gold reserves in 2024

By December 2024, these reserves reached $47.109 billion, a significant rise from $35.220 billion in December 2023.

In a weekend report, the Arabic language daily Alahram said the strategy also aims to boost mineral production and exports to stimulate the economy.

The bidding, which included several blocks, starts on December 18th, 2024, and the closing date is February 13th, 2025 at 12:00 pm Cairo Local Time.

With a wealth of untapped mineral resources, a historical legacy in mining, and a renewed governmental focus, the sector is poised for growth.

The Egyptian Ministry of Petroleum, led by Minister Karim Badawi, is set to launch a new gold and associated minerals exploration bidding process.

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