Egypt’s mining sector boosted with discovery of new gold mine

EGYPT – Egypt mining sector has received a major boost after a new goldmine with reserves estimated at more than one million ounces of gold was discovered in the country’s Eastern Desert. While confirming the new discovery, Egypt’s Minister of Petroleum Tarek el-Molla, clarified in a statement that the new discovery is located in the concession area of “Shalatin” Company for Mineral Resources. According to a report by Egypt Today, Shlatin company is comprised of: The Egyptian General Mineral Resources Authority, the National Service Projects Authority, the National Investment Bank…

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