Mining Industry of Egypt

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Shalateen Mineral Resources to launch international gold prospecting tender in Q4

Wadi Allaqi area will be divided into five gold prospecting sites, to be offered to local and international companies, the official pointed out.

On the other hand, the report showed that bullion demand in Egypt decreased by 36 percent in the 1Q of 2024 to reach 5.2 tons.

There is no final decision yet regarding whether or not to extend the initiative to exempt gold imported for personal use from customs after 10 May.

Dr. Farid added that these funds also provide a hedge against price volatility through participation in a structured and secure investment.

Highlighting exceptional quality and esteemed reputation of Egyptian gold artifacts, Naylor stressed on increasing efforts to boost Egyptian market.

Energy Events

Intersolar Europe 19.06.2024

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