Mining News
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7,000+ Investors Joined “az-Gold” Fund
The placement’s success as well as the oversubscription is considered a new milestone for Azimut and Evolve as well as their partners like EGYCASH.
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Aton Resources samples 67.5 g/t gold at Abu Marawat, Egypt
Aton has recently undertaken several sampling and mapping programs in advance of the now started RC drilling program.
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Egypt sees increased demand for purchasing Gold Investment Fund documents
He explained that the subscription takes place online and by attending the headquarters of the subscription.
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The Star of Egypt Diamond Sold for $3 Mln at Christie’s Auction
Christie’s Geneva Magnificent Jewels sale garnered $45.8 million. It was 94 percent sold by lot, “The Star of Egypt.” a diamond that sold for $3 m.
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Egypt: Copper for Commercial Investment’s losses widen 2.9% YoY in Q1
Established in 1985, the company undertakes all activities related to real estate such as contracting and technical and engineering supervision.
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Egypt launches 1st gold investment fund
Egyptian asset manager Azimut and investment company Evolve Holding launched Sunday the first gold investment fund in Egypt.
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Egypt’s gold rush shows signs of slowing
The Egyptian gold market is starting to stabilize following weeks of fluctuation due to a surge in demand amid uncertainty about the EGP exchange rate
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Sisi orders optimum management, use of mineral resources, raw materials
The meeting discussed ongoing efforts to promote Egypt’s use of its mineral resources, with special focus on Tantalum element.
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Demand for gold in Egypt 'doubled' in Q1 2023: World Gold Council
The report revealed that demand for buying bars and gold pounds in Egypt doubled to 7 tons in the first quarter of this year.
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Will gold prices in Egypt continue to rise?
The price of gold has now risen in Egypt to follow its daily ups and downs more than once during the one-day dealings in the previous days.
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Egypt to decide by Wednesday on allowing citizens to import duty-free gold
The Egyptian government to decide by Wednesday whether to allow citizens returning to the country to bring up to 150 grams of gold duty free.
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Egypt in negotiations with gold companies to finalize terms of gold exploration agreements
The negotiations are currently underway between those entities and the government revolve around royalty, tax rates among others.
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Egypt’s Mercantile Exchange is considering trade in aluminum, gold
The aim of adding these commodities is that they are highly traded and go through multiple price fluctuations, sources said.
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Egypt’s Sinai Manganese Co seeks private partners to expand industrial portfolio
The company is owned 49 percent by Holding Company for Chemical Industries, which comes under the Ministry of Public Enterprise Sector.
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Gold rush: Why Egyptians are paying sky-high prices for gold
Despite the sky-high prices, people are waiting in long queues to buy gold. Retailers are pricing their products based on a dollar almost EGP50.
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Supply Min. Recommends Allowing Egy. Expatriates to Pass Gold without Customs
The minister revealed that this decision would increase the exhibited quantities of gold in markets which will help in controlling the market more.
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Egyptian Customs Authority Sets Gold Limit at 150 Grams per Passenger
This comes in light of the gold price hikes in Egypt, which are significantly higher than the international prices of gold.
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Geodrill secures contract for 10 000 m of drilling at Aton’s Egypt concession
Geodrill to undertake a 10 000 m programme of reverse circulation (RC) percussion drilling at the Abu Marawat Concession, in the Eastern Desert.
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Centamin backs annual guidance as quarterly output increases on year
Revenue for the first quarter was USD205.2 million, up 18% from USD174.6 million a year earlier.
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Egypt's gold market resists global price decline with unwarranted increase
The Egyptian Gold and Jewellery Trade Division (EGAJTD) said Egypt's gold market is experiencing an unwarranted increase of 2 percent.