Attempt to smuggle 7 gold, metal detectors into Egypt thwarted

Tue, 23 Mar 2021 - 12:11 GMT

The passenger was involved in a smuggling attempt in 2019.

Egypt signs 10 new contracts to search for gold, with investments exceeding $ 11M

Wed, 17 Feb 2021 - 04:16 GMT

The Ministry of Petroleum said in a statement, Wednesday, that the contracts included signing four contracts with AKH Gold, a company affiliated to Egyptian businessman Naguib Sawiris, with a total investment of about $ 4.1 million to search for gold in nine sectors in the Eastern Desert.

Egypt signs 5 contracts for gold exploration with investments of $13 million

Thu, 21 Jan 2021 - 12:15 GMT

The contracts were signed between the Egyptian General Authority for Mineral Resources and Canadian and Egyptian companies.

Egypt will establish city for gold industry

Sat, 16 Jan 2021 - 04:22 GMT

President Sisi asked for providing all financial resources to establish the city with the international and modern standards and technologies to reflect Egypt's ancient civilizational history.

Egypt, Nigeria agree to exchange information on mineral extraction

Mon, 23 Nov 2020 - 11:08 GMT

In a similar context, the spokesperson added that the ministry had invited tenders for a gold mining opportunity in Egypt.

Petroleum min.: 11 companies won gold exploration bid in Eastern Desert

Thu, 19 Nov 2020 - 11:53 GMT

11 mining companies won a gold ore exploration bid on an area of about 170 km2 in the Eastern Desert and the Red Sea.

Egypt uncovers 28 gold dinars dating back to Abbasid era in Fayoum

Fri, 13 Nov 2020 - 02:30 GMT

A collection of 28 gold dinars as well as five small coins were discovered in Fayoum by Egyptian-Russian archaeological mission.

Gold rises to two-week high as dollar falls

Tue, 01 Sep 2020 - 01:56 GMT

Spot gold went up 0.8%, recording $1,985.64 per ounce after hitting its highest since August 19 at $1,989.42 earlier in the session.

Centamin's profits surge 221% during H1 of 2020

Tue, 04 Aug 2020 - 02:38 GMT

The company said in a statement Tuesday, that it achieved a pre-tax profit of $ 191.14 million, compared to $ 59.62 million in the first half of 2019.

Egypt's gold prices up by LE9 Tuesday

Tue, 04 Aug 2020 - 12:19 GMT

The one gram of of 24-carat gold registered LE 1,006.85, while 21-carat gold hit LE 881, a new record high.

Egypt’s Ancient Pharaohs, the first to discover gold

Tue, 28 Jul 2020 - 03:09 GMT

The first to discover gold was the Pharaohs, through excavations in the Eastern Desert, Red Sea and Nubia. Ancient Egyptians excelled in manufacturing gold and it had a strong presence in their life.

Egypt's gold prices up by LE 19 for 21-carat gold

Mon, 27 Jul 2020 - 02:07 GMT

The value of the gold Egyptian pound hit LE 6,920, he added.

10 companies place bids in Egypt's gold exploration auction conducted on March 15-July 15

Tue, 19 May 2020 - 03:20 GMT

Sources told Egypt Today that 10 companies purchased the applications of the international gold exploration auction announced by Egypt earlier this year.

Sokary Gold Mine's production targeted to hit 510k-540k ounces in 2020: Centamin Egypt chairman

Tue, 19 May 2020 - 02:18 GMT

General Manager of Centamin Egypt Youssef al-Raghy told Egypt Today that the size of target production of Sokary Gold Mine in 2020 is 510,000 -540,000 ounces.

Egypt receives $107M in profit share, royalties from Centamin

Mon, 18 May 2020 - 02:09 GMT

The company clarified that profit share distribution to Egypt recorded $87.1 million and royalty payments hit $19.7 million.

Newmont Mining to participate in bidding for gold in Egypt

Thu, 05 Mar 2020 - 01:43 GMT

This came during a discussion session held by the Egyptian Minister of Petroleum Tarek El-Molla, with Cotts, according to a statement of the Egyptian Ministry of Petroleum.

Egypt to launch int’l exploration tender for gold in March

Tue, 25 Feb 2020 - 12:25 GMT

Investors will be given the opportunity to bid on 320 blocks over an area of about 56,000 square kilometres in the Eastern Desert and the Red Sea.

Egypt to launch bid round in March for gold exploration in Eastern Desert: official

Sun, 23 Feb 2020 - 11:45 GMT

Investors will be bidding on blocks which will be awarded to them within four months of the bid round being launched, the official said.

Egypt's exports of jewelry, precious stones exceeds $2B in 2019

Mon, 03 Feb 2020 - 12:02 GMT

The Export Council for Building Materials (ECBM) said the UAE topped the list of importing countries by $1.378 billion in 2019.

Passenger’s attempt to smuggle 4 gold, metal detectors thwarted

Sat, 16 Nov 2019 - 10:44 GMT

The passenger was coming from Dubai.