Image Credit by William McDonald from Pixabay | visual for illustartion purpose
1 minute read

Shalateen Mineral Resources to launch international gold prospecting tender in Q4

Shalateen Mineral Resources is planning to launch a new international tender for gold prospecting in the Wadi Allaqi region in Egypt’s Eastern Desert within the fourth quarter (Q4) of 2024, a government official told Asharq Business.

Wadi Allaqi area will be divided into five gold prospecting sites, to be offered to local and international companies, the official pointed out. It is worth noting that Egypt’s annual gold production is estimated at 15.8 tons, most of which originates from the Sukari Gold Mine (SGM) in the Eastern Desert, in addition to the Hamash and Iqat mines. In 2023, the Egyptian government’s share of the SGM production surpassed $130 million.

Legal Disclaimer:
Zawya
GLOBAL FLOW CONTROL provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above. "

Latest News

  • Mining and Metals
    1 minute read

    Serbia Set to Approve Rio Tinto…

    16 Jun. 2024 | Global Flow Control
  • Mining and Metals
    1 minute read

    South Korea Expands Critical Minerals Exploration…

    16 Jun. 2024 | Global Flow Control
  • LNG and Industrial Gases
    1 minute read

    Paraguay Proposes $1.5 Billion Gas Pipeline…

    16 Jun. 2024 | Global Flow Control
  • Power Generation
    0 minutes read

    Uzbekistan, Kyrgyzstan, and Kazakhstan Sign Agreement…

    16 Jun. 2024 | Global Flow Control