Mining News
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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.
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Who Is Controlling Gold Price Movements in Egypt?
He added that 24k gold reached 2685EGP, 18k sold at 2015EGP, 14k at 1567EGP, and gold pound at 18800EGP.
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Egypt among top gold production countries in Africa
The African continent represents about 27.4% of the total global production of gold, amounting to nearly three thousand tons annually.
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FRA issues regulations for investment funds in minerals
The investment manager is obligated to deal in buying and selling minerals through the entities registered in the register.
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Ascom’s consolidated losses down 5% YoY in 2022: Egypt
The company is engaged in geological exploration, mining and quarrying of raw materials, and developing mining operations.
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Gold prices in Egypt fall 2% affected by bank certificates high yields
The 21-karat gold price, the most common, recorded EGP 2,165 per gram on Saturday, down by 2% compared to last week’s EGP 2,210 per gram.
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Bid announced for exploring and exploiting gold mines in Egypt
Interested companies can access this information starting from April 10th, 2023, through SMCR's website or head office.
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Centamin’s 2030 decarbonisation roadmap focuses largely on Egypt project
Gold miner Centamin has published an interim decarbonisation roadmap to 2030, which targets a 30% reduction in its operational Scope.
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Sukari gold mine produces 5.2mln ounces of gold since inception
The Sukari gold mine has produced 5.2 million ounces of gold since it began operations in 2009 until February 2023.
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Egypt’s gold reserves rise to $7.773 billion in January
Net international reserves reached $34.224 billion in January 2023, from $34.003 billion in December 2022.
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Egypt Begins Experimental Production of Gold in ‘Iqat’, Says El-Molla
El-Molla made these remarks during his visit to the Iqat site, where he inspected the progress of the works and the progress of the gold production.
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Silicon Valley crisis will increase Egypt’s gold prices
The bankruptcy of Silicon Valley Bank is an indicator of a major economic crisis that may be similar to the 2008 crisis.
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Egypt exports two gold jewelry shipments to Saudi Arabia
This is in place to implement presidential mandates to increase Egyptian exports to US$100 billion.