2010/12/05

Egypt to reopen mining for gold to increase its product before 2011





the National Minister of Oil and Minerals said that Egypt, which stopped gold production in 1958 prior to the appeal during the past years, to increase annual gold production to 12 tons next year, compared to 5.5 tons, Egypt has produced only 7 tons during the last century, as reported by Sameh Fahmi over remarks carried by the Saudi Press Agency. Investors saw that the production volume is very low, as it was being drawn to the ancient laws of profit sharing. It is noteworthy that Egypt resorted back to old stocks of gold in the Eastern Desert. It is noteworthy that Egypt, which had previously been the first point of purchase in the world of gold, has produced the first gold bullion from a mine in the Eastern Desert Hamash 2007 We wish that we have given you useful information Thank you for your follow-up

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