Mining News
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Golden Triangle development project is a vital national project, PM
The meeting emphasized the Safaga region, prioritizing it as a crucial phase in the Golden Triangle Economic Development Project.
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Egypt to establish 6 complexes to extract gold in Eastern Desert
The government-affiliated Shalateen Mineral Resources firm is working to establish these complexes.
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Egypt: ASCOM shifts to $1.24mln profits in Q1-23
The revenues amounted to $3.68mln in the first three months of 2023.
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Egypt raises gold jewellery processing fees by 10%
The Gold Division at the Cairo Chamber of Commerce announced on Sunday raising the gold processing fees for gold jewellery by 10 percent as of 1 July.
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Strategic Partnership between “Dahab Masr” and “EgyCash” to Develop the Precious Metals Market
This technology works to create a fair investment atmosphere that allows investors to Practice their rights to buy and sell at any time.
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Egyptian travellers bring home 306 kg of duty-free gold in 42 days
Egyptian travellers returning from abroad brought more than 306 kilograms of gold exempted from customs duties and other fees from 11 May to 22 June.
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Will gold prices continue to drop or regain strength after Eid al-Adha?
Maghraby added that the period before Eid holidays was typically accompanied by a rise in gold prices.
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Egyptian travellers bring home 194 kg duty-free gold in a month
Egyptian travellers brought more than 194 kilograms of gold from abroad, exempted from customs duties and other fees, from 11 May to 11 June.
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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.