gold

Court rules Centamin’s Sukari mine contract invalid
Egypt

Court rules Centamin’s Sukari mine contract invalid

  Centamin's contract to exploit the Sukari gold mine in Egypt is invalid, an Egyptian administrative court ruled on Tuesday,…
Saudi official: Pilgrims buy 25% of our gold and jewelry
Egypt

Saudi official: Pilgrims buy 25% of our gold and jewelry

  Hajj pilgrims buy an estimated 25 percent of the gold and jewelry sold in Saudi Arabia each year, according…
Centamin on track despite ‘challenging’ Egypt
Business

Centamin on track despite ‘challenging’ Egypt

Egypt-focused gold miner Centamin said its activities and expansion plan were on track despite challenging political and fiscal conditions, labor…
Sukari Gold Mine trial adjourned to May
Business

Sukari Gold Mine trial adjourned to May

The Administrative Court on Tuesday postponed to 22 May the consideration of a lawsuit filed by MP Hamdy al-Fakhrany demanding…
Govt orders jewelers to install anti-theft systems or close shop
Business

Govt orders jewelers to install anti-theft systems or close shop

The Local Development Ministry in coordination with local authorities on Tuesday ordered jewelers to install surveillance cameras and alarm systems…
Airport authorities find ducks stuffed with gold powder in luggage
Egypt

Airport authorities find ducks stuffed with gold powder in luggage

Cairo International Airport authorities on Monday seized half a kilogram of gold powder hidden by an Egyptian passenger inside two…
Jewelers fear robberies, instability amid security failure
Egypt

Jewelers fear robberies, instability amid security failure

Jewelers have been opening their stores for four hours a day since the revolution anniversary on 25 January due to…
Centamin Egypt plans to redomicile to Jersey
Business

Centamin Egypt plans to redomicile to Jersey

Gold producer Centamin Egypt Ltd said it plans to set up a new parent company, to be redomiciled in Jersey,…
Gold prospectors raise stakes in Nubian hinterland
Environment

Gold prospectors raise stakes in Nubian hinterland

Record high international gold prices have strengthened the precious metal’s appeal and propelled prospectors deep into the Egyptian wilderness in…
New leadership targets ambitious growth for Egypt’s mines
Business

New leadership targets ambitious growth for Egypt’s mines

Held back by bureaucracy and a mining law that hasn’t been updated since 1956, Egypt’s mines are expected to receive…
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