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Egypt’s Promising Gold Mining Industry: New Bid for Domestic Mining and Rich Discoveries Await

Egypt was one of the first countries to invent gold mining, exploration, purification, and shaping, and it had gold treasures from the days of the Pharaohs. Egypt is continuing and exploring its treasures of gold and minerals, and the beginnings are very promising, and after Al-Sukkari there are huge mines that will enter service very soon..

What is new is that Egypt is preparing in the coming days to announce the launch of a new bid for prospecting for gold and associated minerals, which is known as “domestic mining” in 13 regions in various locations in Egypt, in the area of ​​Aswan and Shalatin, with a participation system, or civil mining, as they call it…and the most important thing is that these regions It is one of the richest regions in the world in terms of gold extraction rates, and huge discoveries are expected to appear in it. That is why Shalateen Company officially published the details of the bidding under No. (1) for the year 2023 on its website in English, with the aim of attracting international companies wishing to participate in this promising opportunity. .

These areas include “Fateri – Al-Barameya – Atoud – Umm Aoud – Hamata” in the Egyptian Eastern Desert.. Remember these names well because the coming period will be the subject of Egyptian and international interest.

At the same time, Shalatin Company supplied about half a ton of gold to the Central Bank of Egypt during 2023, and this reflects the economic importance of this sector, increasing production and improving infrastructure, and of course this gold goes to the strategic reserve of cash and precious metals.

At the same time, there is a very important project that is currently being worked on, which is the establishment of an industrial complex that includes National Mining, as Enppi Company, affiliated with the Ministry of Petroleum, has completed the design and engineering consultation stages of the complex, and its construction is expected to be completed in a short time.

2023-10-24 19:13:42
#ton #gold #happened #Central #Bank

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