EMRA
The ministry added the authority inked an agreement with the American Chamber of Commerce in Egypt to cooperate in training and building capabilities of human cadres in the mining sector.
Raghy said in July that production from Egypt’s Sukari Gold Mine had reached 108.8 tons of gold since the mine started production in 2010, and through to June 2018.
General Manager of Centamin Egypt and Managing Director of Sukari Gold Mining Company Youssef el-Raghy clarified that the production recorded 1.1 tons of gold in June 2018.
Egypt received a total of $309.2 million on profit account and tribute from the Sukari Gold Mine.
Centamin lowered its gold production target to 515,000 ounces in 2018 from 560,000 ounces in the beginning of the year, compared to 550,000 ounces in 2017.
The Sukari mine’s total gold production has recorded 106.7 tons since the beginning of production in 2010 till last April.
The Sukari Gold Mining Company targets producing around 560,000 ounces of gold in 2018, up from 550,000 ounces in 2017.
The Egyptian Mineral Resource Authority (EMRA) has received around $14.4 million in revenues from the Sukari gold mine in January 2018.
Profits of the Egyptian Mineral Resource Authority (EMRA) from Sukari gold mine are expected to reach some $115 million in 2018.
Before the law's implementation, revenues of the authority were LE 486,000 in FY 2014/15, the source said.
Canadian mining companies are about to invest in a gold purification plant and pump Egypt $10 billion in various sectors over the next three years.
Sukari mine produced a total of 95.3 tons of gold since it started operations in January 2010, with an average monthly production of 1.2-1.5 tons of gold.
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