Search

Egypt seeks investors to unlock 7.3 million tons of gold reserves

Photo by Ahmed Ezzat @ Unsplash | Cairo, Egypt
Photo by Ahmed Ezzat @ Unsplash
  • Cairo eyes 800,000 ounces in annual gold output by 2030
  • AngloGold, Centamin, and UK’s Nubia Mines among partners advancing mining push

 

CAIRO, EGYPT – Egypt is ramping up efforts to attract global investment into its gold sector, aiming to lift the mining industry’s share of GDP from 1% to 5% and exploit an estimated 7.3 million tons of reserves.

You need an active subscription to continue reading this article.

Recent Business

Handweaving cotton textiles by Wawoto Kacel. Photo Chris Lutanga & ITC @ Unsplash
Can Africa survive without AGOA as US pulls back?
Read More »
A dusty road in a neighbourhood of Yaounde, Cameroon. Photo by Ariel Nathan Ada @ Unsplash
AfDB, Cameroon sign $160mn loan deal to transform conflict-hit north
Read More »
Mozambique Photo: @ Unsplash
Mozambique cuts benchmark rate to 9.75% as recession bites
Read More »

Recent Politics

storyzangu-hub-r5Cys_qCFrU-unsplash
Kenya’s Gen Z protests spark wave of youth uprisings in Africa
Read More »
Gold mine. Photo by István Mihály @ Pixabay
Barrick CEO Bristow exits after $1bn Mali mine dispute
Read More »
Kenya youth protest. Photo by Hassan Kibwana @ Unsplash
Malawi’s Mutharika victory fuels Kenya’s one-term Ruto campaign
Read More »

Latest Posts

Latest news insights