Manufacturing Egypt awards eight gold, metal mining exploration licences By Reuters June 1, 2022, 9:44 AM Egypt has a history of gold-mining stretching back to the pharaohs but now has only one commercial gold mine in operation. Source: Creative Commons. Egypt awarded eight gold and metal mining exploration licences in the eastern desert region, the petroleum ministry said on Wednesday, as it seeks to increase investments in this underdeveloped industry. Four companies won the licences – Lotus Gold, AKH Gold, Marine Logistics Gold Mining and Ankh Resources, a source at the ministry said. Egypt has a history of gold-mining stretching back to the pharaohs but now has only one commercial gold mine in operation, Centamin’s Sukari, in the eastern desert region. Sukari contributes up to $900 million a year to the Egyptian economy. The country is targeting $1 billion dollars of investment in the sector. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
