Mining News
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EBRD Invests in Egyptian Copper Rod Manufacturing
The European Bank for Reconstruction and Development (EBRD) is providing a $50 million loan to United Metals Company (UMC).
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Central Bank of Egypt eases export rules for gold artefacts
The Central Bank of Egypt (CBE) revised the deadline for transferring the export proceeds of gold artefacts to banks from 7 days to 30 days.
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Centamin plans to increase Sukari's gold production by 15 percent until 2032
Global gold mining company Centamin announced a plan to increase the production of Egypt's Sukari mine by 14.74 percent to 506,000 ounces for 9 years.
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Egypt seeks new investments for phosphate projects
Egypt is currently ranked the world’s 10th largest raw phosphates producer and that new reserves estimates could be released this year.
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Aton Resources drills 14.63 g/t gold over 12 metres at Abu Marawat, Egypt
Eight out of the nine holes targeting the Main Vein zone intersected moderate to high-grade gold mineralization.
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Top 10 mining companies in Egypt
Egypt has substantial mineral resources, including coal, gold, iron ore, heavy mineral sands, manganese, nitrogen, and phosphate rock.
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These are the 5 best times to invest in gold
When it comes to investing in precious metals, buying gold has long been considered a safe-haven asset.
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Egypt's zero-customs gold import initiative brings 1.5 tons in 4 months
Around 1.5 tons of gold have entered the Egyptian market since the start of the zero-customs gold import initiative in May.
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Aton Resources takes first step to secure mining licence in Egypt
Aton is aiming to develop the next Egyptian gold mines at Abu Marawat, located approximately 200 km north of Centamin's world-class Sukari gold mine.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.