Mining News
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Gold jumps by EGP 152 in week
Gold rose by 9%, domestically, last week, followed by a 2.4% rise in the gold ounce in the international markets.
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Rise in gold prices revives Diamond market in Egypt
Abbasi added that engagement rings are traded in the local market, with prices that currently range between 10,000 and 20,000 pounds.
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Gold division negotiates Egypt’s accession to world jewellery confederation
The head of the gold division added that joining the CIBJO requires strengthening the Egyptian presence of the gold and jewelry industry globally.
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An overview of gold markets in the past 30years
Over the past thirty years, the gold market has materially evolved, becoming more diverse both from demand and supply perspectives.
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Egypt 3rd in world in gold strategic reserves
Egypt has become the third in the world in terms of increasing the strategic reserves of gold, exceeding 125 tons, up from 75 tons.
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General division: Law does not license companies to keep hold of customers’ gold savings
The advertisements for buying and selling raw gold online for individuals through electronic applications on mobile phones are causing controversy.
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All you need to know about Iqat gold mine
The deposit of Iqat Mine is estimated to hold around 1.3 mn ounces of gold. Expected direct investments in 2030 from $300 million to $1 billion.
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Egypt produces its first gold ingot
The gold extraction process must be carried out locally by Egyptian hands, these strategic reserves gives strength to Egypt's currency.
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Saudi Arabia’s Ma’aden to invest in Egyptian mining sector
Minister of Petroleum and Mineral Resources announced plans by Saudi Arabia’s state-owned mining firm, to invest in the mining sector.
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Egypt's Iqat mine produces first gold bar after 2020 discovery
Mining in the country's Eastern Desert is being carried out by state-owned Shalateen.
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Sukari gold mine production exceeds 440K ounces in 2022
The company expects an increase in gold production to approximately 450 to 480 thousand ounces during 2023.
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Centamin says Egypt court rules challenge to Sukari deal invalid
The case relates to a challenge started in 2011 which wanted halt to deals struck in Egypt in relation to privatisations.
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Saudi MA'ADEN eager to invest in Egyptian mining industry
The petroleum ministry is looking forward to attracting annual investment of $1 billion into the sector of gold prospecting, he revealed.
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Egypt to benefit from mining in the golden triangle
The Golden Triangle project is one of the major mining projects intended to be established between Qena, Safaga, and al-Qusayr.
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El Molla chairs workshop for exploring mining investment opportunities at the golden triangle economic zone
Developing the Golden Triangle needs contributions from all the state’s related agencies and entities, which accelerate investments attraction.
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El-Mulla unveils $100 million gold refinery project
The project aims to maximize the added value of gold resources and complete the value chain for manufacturing the metal.
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1.3M ounces of gold discovered in Egypt's Sukari mine reserves
The Sukari mine has produced more than 5 million ounces of gold, and today the expected life of the mine is 14 years.
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Egypt plans to start mining Uranium in 2024
The EAEA chief noted since crude uranium cannot be used in nuclear power plant reactors, Cairo will have to send it to other countries for processing.
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Centamin increases reserves at its Sukari gold mine in Egypt
The company said it has also delivered a 5% increase in Sukari proven and probable mineral reserves to 6.0Moz at 1.1g/t Au.
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Egypt implements 1st certified gold refinery in Marsa Alam
This will thereby help finalize the value chain for gold production by maximizing the local content.