Gold Mining in Egypt

Gold Mining in Egypt

The gold mask of King Tutankhamun is seen in its glass case during a press tour on Saturday, Jan. 24, 2015. (Photo: AP /Hassan Ammar, File)

 Mining in Egypt is a not risky investment. last year mining companies tried to explore Egyption desert  or something happened?!


After 25 Jan 2011 movement "The Egyptian revolution" the national reserve goes down to support police and military expanse. Therefore we searched for any foreign direct investment to restore the national reserve to it is level or above. They reviewed oil and mining contracts to secure more income for the country.  But after the Egyptian movement the  Egyptian Armed Forces working hard to increase Egypt income and they working with The Egyptian Mineral Resources Authority (EMRA) to increase foreign direct investment (FDI) in mineral industry. The mineral industry estimated 2.5% of the total national income in 2017. 

Centamin was the only one gold mining company working in Egypt and they somehow struggling with the new Egyptian low of mining. The deal made like oil production contract 50–50 joint venture.

As I know the main agreement point of Sukari mine was the following:
  •  3% royalty to the government
  • 50% - 50% of the net profit
  • The government will not share any financial losses or any expenditure before or after starting production.
  • The government will allow you to restore your initial investment i.e. exploration and establishing the mine equipment.

In my opinion with this agreement as a model of mining contract; I do not think it is risky to invest in mining in Egypt.




The main issue in Egypt mineral industry is there is no mining code in Egypt, but they are working on it.


The "Mining Code" refers to the whole of the comprehensive set of rules, regulations and procedures to regulate prospecting, exploration and exploitation of minerals.

From individual perspective there is no ideal investment in mining in Egypt, but it is still promising... 


further reading:
Location: Edfo - Marsa Al Am Rd, Qesm Marsa Alam, Red Sea Governorate, Egypt

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