Egypt implements 1st certified gold refinery in Marsa Alam
The Egyptian Minister of Petroleum and Mineral Resources Tarek al-Mulla announced that work is underway to implement the first accredited gold refinery in Egypt in the Marsa Alam area in the Eastern Desert, in order to maximize the added value of gold resources.
This will thereby help finalize the value chain for gold production by maximizing the local content.
This came in a Wednesday statement during his participation in the eighth consultative meeting of Arab ministers of mining and mineral resources in Riyadh, the capital of the Kingdom of Saudi Arabia.
Mulla explained that the vision for developing the mining sector aims to increase its contribution to the gross domestic product from about half a percent now to five percent within the next two decades.