The Sukari gold mine holds an estimated 14.5 mn ounces of gold, worth an estimated USD 20 bn, Sukari Gold Mining Company chairman Ali Barakat said, according to Al Shorouk. He added that USD 2.7 bn worth of gold was produced from Sukari since January 2010. On a national scale, the Egyptian Mineral Resources Authority (EMRA) expects gold extraction operations to be taking place at 100 sites nationwide, EMRA Chairman Omar Taima said, according to Al Borsa.

Tags: