Egypt

Centamin: Egypt Aims to Extract 5 Million Ounces of Gold in the Next Decade

Published on : 2024-07-16

Martin Horgan, CEO of Centamin, the operator of the Sukari Gold Mine, stated during his speech at the Egypt Mining Forum that Egypt competes with many countries in attracting investments in the mining sector due to its political and security stability. He emphasized that Egypt has the right conditions, both geologically and with the Nubian Shield, as well as having experienced human resources in the mining field. He noted that it is expected to extract 5 million ounces of gold in the coming decade.

Horgan added that the Sukari Gold Mine in Egypt is considered the best model in the world and holds enormous gold reserves. He stated that they are continuing to develop the mine and inject new investments in collaboration with the Egyptian government. He mentioned that the company has launched three new initiatives to develop the mining sector in Egypt, including taking steps to establish a mining school in Egypt. Horgan highlighted that Egypt enjoys promising mining opportunities and possesses distinguished human skills that will contribute to the growth of the Egyptian economy.

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