FILE PHOTO: An employee sorts gold bars in the Austrian Gold and Silver Separating Plant 'Oegussa' in Vienna, Austria, December 15, 2017. REUTERS/Leonhard Foeger
CAIRO - 21 March 2023: Petroleum and Mineral Resources Minister Tarek el Molla has announced that Egypt starts experimental trials of the commercial production of gold in the area of Iqat in the Eastern Desert.
In statements on Tuesday, Molla said that the site of Iqat, with a deposit of nearly 1.2 million ounces of gold and and a high extraction potential of 95 percent, is exploited by Shalateen Mineral Resources Co.
Iqat will be the third gold excavation site in Egypt, he further noted.
The minister also inspected the gold production process, starting with the rock drilling operations at "Iqat Mount" and the milling circuit with crushing and grinding the rocks and then placing them in the gold extraction basins ahead of smelting the extraction of gold and producing gold ingots.