Egypt discovers gold deposit in southeast -ministry | ZAWYA MENA Edition – ZAWYA

Egypt discovers gold deposit in southeast -ministry | ZAWYA MENA Edition – ZAWYA

Egypt discovers gold deposit in southeast -ministry | ZAWYA MENA Edition HomeMarketsCommoditiesArticleEgypt discovers gold deposit in southeast -ministry There could be investments exceeding $1bln over 10 years to exploit the deposit    A salesman arranges gold jewellery in a shop at the market of Khan el-Khalili in Old Cairo, Egypt August 20, 2019. CAIRO- Egypt's Ministry of Petroleum and Mineral Resources said on Tuesday a gold deposit with estimated resources of 1 million ounces had been discovered in the southeast of the country.The deposit lies in the concession area of the military-controlled Shalateen Mining Company in the Eastern Desert's Iqaat area, it said in a statement.More than $1 billion is expected to be invested to develop the deposit over the next 10 years, the statement said, without giving details on the methodology used to determine the deposit's size.The deposit lies in the concession area of the military-controlled Shalateen Mining Company in the Eastern Desert's Iqaat area, it said in a statement.CAIRO- Egypt's Ministry of Petroleum and Mineral Resources said on Tuesday a gold deposit with estimated resources of 1 million ounces had been discovered in the southeast of the country.More than $1 billion is expected to be invested to develop