Abu Marawat Gold Mines to begin production next year
The Head of Abu Marawat Gold Mines, Ayman Ibrahim, announced that Egypt’s mining sector is witnessing an unprecedented phase of streamlined processes and expedited procedures, with the Abu Marawat Gold Mines readying to begin production by next year. He explained that the pre-production phase usually takes three to four years, adding that actual production is … The post Abu Marawat Gold Mines to…
Egypt's mining sector is experiencing a significant shift as Abu Marawat Gold Mines prepares to commence production by next year, according to a recent announcement by Ayman Ibrahim, Head of the company. The pre-production phase typically spans three to four years, but production is anticipated to start in 2027, according to Ibrahim's comments made during a mining conference.
The introduction of the "open block" system during the latest mineral resources tender has streamlined the mining sector, simplifying and accelerating the exploration process compared to earlier methods. This development has attracted a substantial number of investors, driven by the surge in global gold prices and the promising indicators of economically viable reserves.
Approximately 70 percent of the tendered areas have been allocated to gold exploration, luring investors with the potential for economically viable reserves, typically ranging from one to two grams per tonne. Currently, the company is in a transitional phase, focusing on completing infrastructure and technical studies, and finalizing plant preparations in line with the latest global environmental standards.
The Abu Marawat Gold Mine Company is the result of a strategic partnership between the Egyptian Mineral Resources Authority and the Canadian company Aton Resources.
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