Mining News
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Egypt Sets New Record with $3.2 Billion in Gold Exports in Early 2025
January saw $929.5 million in exports, followed by an exceptional $1.804 billion in February.
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AXA Egypt launches first gold investment fund
AXA Egypt has a broader strategy to deliver integrated offerings that cater to a diverse client base seeking secure, return-driven investment tools.
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Transforming EMRA Into Economic Entity to Make Egypt Mining Hub
Badawi stressed the importance of integrating and strengthening cooperation between the parliament and various state institutions.
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Gold prices soar to historic high in Egypt
This surge is part of an upward trend that has characterized the local gold markets since the beginning of the year.
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Naguib Sawiris expects gold to hit US$5,000 per ounce
The Egyptian billionaire indicated that psychological pressures and investor need for liquidity were among the reasons for the decline in gold prices.
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A gold mining success story is being written in Egypt
AngloGold Ashanti’s growing investment is more than just an expansion it represents a transformative shift in Egypt’s mining landscape.
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Egypt, Yemen explore investment opportunities in petroleum, mining
The two ministers agreed to form a joint working team to identify areas of cooperation over the coming period.
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Barrick Gold Looks Forward to Acquiring New Mining Concessions in Egypt
Mark Bristow, the President of Barrick Gold Investments, praised the efforts to develop Egypt’s mining sector.
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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.
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Egypt to offer new mining sites to investors
In a weekend report, the Arabic language daily Alahram said the strategy also aims to boost mineral production and exports to stimulate the economy.
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EMRA Launches Bid Round for Kaolinitic Sand, Glass Sand Mining
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.
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The revival of Egypt’s mining industry
With a wealth of untapped mineral resources, a historical legacy in mining, and a renewed governmental focus, the sector is poised for growth.
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Egypt to announce new gold exploration tender in early 2025
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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MoPMR, AngloGold Ashanti Sign Draft Agreement for Gold Exploration
The meeting also discussed the status of searching and exploration operations at the concession areas that were acquired by the company.
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Saudi Arabia Eyes Mining Opportunities in Egypt
Badawi highlighted the ongoing development efforts within the Egyptian mining sector and the initiatives to create an attractive investment climate.
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Algeria, Egypt Discuss Energy, Mining Collaboration
Potential areas for collaboration include oil and gas exploration, infrastructure development, power stations and mineral resource utilization.
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Egypt Gold exports hit $2,1 billion in nine months
Egypt’s gold exports reached $2,17 billion in the first nine months of this year, compared to $1,11 billion in the same period of 2023.
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Gold prices surge 6% in one week amid increasing demand for safe havens
The price of gold rose by 6% over the past week, reaching a two-week high of $2,716 per ounce, after opening at $2,567 per ounce.
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Gold suffers worst weekly drop in 3 years
Gold prices plunged significantly, losing more than $220 from its all-time high recorded last month.
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Egypt aims to boost mining sector’s GDP share from 1% to 6%
The mining sector aims to increase its contribution to Egypt’s Gross Domestic Product (GDP) from the current 1% to 5-6%.