Egypt re-maps its gold expansion as global and local mining giants step in
Among the company’s most prominent assets is the Iqat area, where the Ministry of Petroleum announced a commercial discovery in 2020 with estimated reserves of over one million ounces of gold.
The company’s presence extends beyond the mine itself; AngloGold Ashanti CEO Alberto Calderon revealed at the Egypt Mining Forum that the company submitted applications to invest in 19 gold exploration areas covering over 3,000 square kilometers.
Shalateen Mineral Resources Company One of the state’s most important arms in gold development in the southern Eastern Desert, in addition to its role in regulating traditional prospectors’ activities.
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