Trial operation at Iqat gold mine in Egypt kicks off

Reuters Images/Fahad Shadeed

The site is considered as a huge Egyptian investment in the field of gold exploration and exploitation

Staff Writer, Arab Finance

March 21, 2023

PHOTO

Arab Finance: The trial phase of the commercial production of gold from the Iqat mine in southern Egypt has started, Minister of Petroleum and Mineral Resources Tarek El-Molla announced on March 21st.

The mine’s reserves are estimated at about 1.2 million ounces of gold with an extraction rate of 95%, which is considered one of the highest extraction rates.

During an inspection tour at Iqat, El-Molla explained that the site is considered as a huge Egyptian investment in the field of gold exploration and exploitation.

The minister added that Iqat, with the start of the trials of operating commercial production, has become the third site in Egypt to extract gold and associated minerals.

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