Egypt Mining News

Egypt opens gold assets to foreign companies, first time since 2009

First international tender for gold mining concessions in eight years to be held on Sunday.

Egypt ancient gold mines offer clues on country’s untapped vast mineral deposits

The country is said to be sitting on mineral deposits worth hundreds of billions of dollars which, once developed, could surpass oil as its main source of income.

Pharaohs' shadow an omen in Egypt gold search

Egypt's gold mining industry has for years been long on potential and short on investment.

Centamin ups 2016 production target for its gold mine in Egypt

The miner is one the very few bullion miners to have performed well during one of the most difficult markets conditions affecting gold producers in decades.

The world's 10 driest mines

Average annual precipitation at many of these mines is zero.

Centamin stock dives on below-expectations 2015 gold output forecast

The gold miner said it expected to produce 420,000 ounces at its only operating mine in Egypt this year, missing some analyst expectations.

Centamin shares jump on Sukari gold mine results

The firm mined 93,624 ounces of the yellow metal in the three months to end September and it also maintained its full-year production forecast of 420,000 ounces of gold.

No end in sight for Centamin legal fight over gold mine in Egypt

An appeal case on the company’s right to mine in Egypt is seen taking until next year to resolve.

Centamin legal fight over gold mine in Egypt set to end this year

Centamin issues in Egypt go back to 2012, when a court cancelled its mining license for Sukari, the firm’s only producing mine, and the country’s first large-scale modern gold operation.

Resource rich countries lead global conflict and political violence index

Levels of conflict and political violence have risen significantly in 48 countries, most of them considered traditional mining destinations.

Resource rich countries make up over 50% of the “extreme risk” jurisdictions to invest

Study also says that Myanmar is the country where the business environment improved the most last year.

Miners warned about Indonesia, Brazil, India and South Africa investments

Terrorism, regime instability and resource nationalism, are the main risks mining investors will face in 2014.

Oil prices jump amid Egypt unrest

Oil prices surpassed $100 a barrel on Wednesday.

Forget oil, there is a far more precious commodity at stake

New tension stems from a dispute over water.

Egypt halts Centamin gold exports

Centamin was the only large producer in the country

Egypt to boost mining in 2013, but first will ‘reconsider’ current licenses

The new authorities are considering offering a number of international bids for mineral exploration, particularly for gold.

Centamin’s stock recovers as gold export resumes

Shares in London and Toronto-listed Centamin (LON:CEY, TSX:CEE) surged 26% to 43.95p on Monday after the miner announced it had resumed exports from its flagship Sukari gold mine in Egypt.

Centamin stock collapses after operations, gold exports halted by Cairo

Stock down 65% as 97 million shares are dumped.

Centamin pounded again after Egypt update scares investors

The company said it has to resume gold exports shortly or it will run out of money to cover running cost at its Sukari mine.

Investors flee Centamin after Egyptian court annuls gold concession

The Alexandria-based company tried to pour cold water on the reports and said operations at the mine – the first modern gold mine to open in the North African country – were continuing as normal.

Pharaoh gold mines to explore for gold in 4 countries

Pharaoh Gold Mines NL, Centamin's wholly-owned subsidiary, signed gold exploration contracts with Oman, Saudi Arabia, Ethiopia and Sudan.

Egypt to issue tenders for foreign gold explorers

The Egyptian Mineral Resources Authority plans to issue international tenders in September to explore for gold in seven areas in Egypt's Eastern Desert and Marsa Alam regions in the south where it has identified deposits.

Sukari gold mine resumption of operations

The illegal work stoppage as a result of labour unrest from a small percentage of the Sukari workforce has been successfully resolved with the co-operation of the Egyptian Mineral Resources Authority and the Ministry of Labour and as such work has recommenced.

1,500 Egyptian gold mine workers enter third day of strikes

1,500 Sukari Gold Mine workers have declared a third day of strikes as they demand raises, the re-hiring of arbitrarily fired employees and the passing of a law that would make bonuses obligatory for dangerous work.

Egypt's gold miners stage sit-in, protest layoffs, demand increased wages

Approximately 1,500 workers staged an open-ended sit-in Sunday in the Red Sea gold mine of Sukari, objecting to the decision of the mine’s operating company, Centamin-Egypt, to lay off a number of mine workers.