The Sukari mine or Alsukari mine (Arabic: السكري Al-Sukkari, Egyptian pronunciation: El-Sokkari) is a gold mine located in the Nubian Desert/Eastern Desert near the Red Sea in Egypt, in the south-east of the country in the Red Sea Governorate, 30 km south of Marsa Alam. It is exploited jointly by the Egyptian Ministry of Mineral Resources and Centamin. It is Egypt's first modern gold mine, an industry considered to have scope for expansion in the country. Egypt was known in the ancient world as being a source of go
Ten years ago, we produced our first gold bar from Sukari, a seminal milestone in the Company’s history and the modern Egyptian mining industry. Today, we have produced in excess of 4Moz of gold from Sukari, generating US$1 billion in Sukari free cash flow and significant stakeholder opportunities and returns. Sukari is a low cost, bulk tonnage
Centamin is a gold producer, operating the Sukari Gold Mine for the last ten years. We have a trusted track record of generating returns across our stakeholder groups, having distributed in excess of US$1.25 billion over six years. Investment case.
The Sukari gold project is located in the eastern desert of Egypt, approximately 23km south-west of Marsa Alam, a coastal town near the Red Sea. The mine occupies an area of 160km 2. The project, Egypt’s first large-scale gold mine, is currently in development. Mining began in 2007 and first gold was poured on 26 June 2009, following an expansion
Jul 02, 2020· The Australian Pharaonic Company currently operates the Sukari mine and while Mats Holdings operates in the Hamsh mine. For exploration and drilling of gold, another two gold companies are operating in Egypt: Canada’s Aton Mining and the UAE’s Thani Dubai.
Jun 30, 2020· CAIRO 30 June 2020: Egypt discovered new goldmine in the Eastern Desert, with reserves estimated at more than one million ounces of gold, according to Minister of Petroleum Tarek el-Molla.
The Sukari gold mine, 700 kilometers from Egypt’s capital, Cairo. (Supplied) Updated 03 December 2019. Reuters. December 03, 2019 23:24. Egyptian gold mine owner snubs $1.9bn Endeavour bid. The
May 19, 2020· Centamin Egypt operates the Sukari Gold Mine, which has reserves estimated at 15.5 million ounces of gold, making it one of the largest gold mines in the world. gold Centamin
The Sukari mine or Alsukari mine (Arabic: السكري Al-Sukkari, Egyptian pronunciation: El-Sokkari) is a gold mine located in the Nubian Desert/Eastern Desert near the Red Sea in Egypt, in the south-east of the country in the Red Sea Governorate, 30 km south of Marsa Alam.It is exploited jointly by the Egyptian Ministry of Mineral Resources and Centamin.
Jul 02, 2020· Nevertheless, Egypt has few gold mining activities, with only one gold producing mine currently under operation: the Centamin- owned Sukari mine. Earlier this year, Centamin Egypt announced that cash flow generated from gold production in 2019 resulted in US$107 million being distributed to Egypt in profit share and royalties.
Mar 25, 2020· Centamin’s Sukari mine is Egypt’s sole gold-exporting mine and the first large-scale modern gold operation in the North African nation. (Image courtesy of Red Sea Governorate.
May 19, 2020· On December 20, 2016, Sukari Gold Mining Company entered into a contract with the CBE. The agreement provides that the parties may elect, on a monthly basis, for the CBE to supply SGM with its local Egyptian currency requirements for that month (to a maximum value of LE 50 million).
Mine Owners: The mine is 100% owned by Centamin. The Sukari Mine is the company’s principal asset. They also have advanced exploration project in Burkina Faso and the Ivory Coast. Project Status: There are two mining operations: a large-scale open pit, supplyinh roughly 90% of the ore feed; the rest is from a higher-grade underground mine.
Operational Overview. The first gold bar was poured at the Sukari Gold Mine on 26 June 2009. Location and History. The 160km 2 Sukari tenement area is located in the south-easterly region of the Eastern Desert of Egypt, approximately 700km from Cairo and 25km from the Red Sea.. Sukari Hill is situated within the tenement area and is approximately 2,300m long, 600m wide and 1,345m above sea
Jul 16, 2019· At present, gold production is concentrated in three sites across Egypt’s Eastern Desert: Sukari Mountain, Hamash and Wadi al-Alaqi, while the Egyptian Mineral Resources Authority (EMRA) says the precious metal is present in 120 ancient sites, from old mines to
Oct 21, 2020· The question of Centamin’s growth options comes on the back of an life of asset review at Sukari. The mine was once a 500,000 oz/year gold producer, but following a decline in production over the last 18 months, questions have been asked about the quantity and quality of future reserves.
The Company operates the Sukari Gold Mine in the Eastern Desert of Egypt, some 700 km from Cairo and 25 km from the Red Sea. First gold was poured at Sukari in June 2009 and commercial production began on 1 April 2010, making Sukari the first modern gold mine in Egypt, a country which in ancient times was a prolific producer of the precious metal.
Aug 24, 2017· Most archaeologists believe that most of the gold came from mines along the Nile River, with some mines located as far as 800 miles south of Cairo. The Nile River carries gold all throughout. Much of Ancient Egypt’s gold was sourced from this massive river.
Nov 01, 2019· In 2012, the Sukari Gold Mine Co. mined 6.4 Mt of ore, processed 4.5 Mt of ore, and produced 8.175 t Au . Under the authority of the Egyptian Mineral Resources Authority (EMRA) and control of the Shalatin Mineral Resources Company, licenses for small and medium mining companies are currently being issued for the southern part of the Eastern
Feb 17, 2020· Centamin operates Egypt’s only active gold mine, Sukari, which opened in 2009 and produced 480,529 ounces (15 tons) last year. Egypt had all but abandoned mining
SUKARI GOLD MINES 1,020 followers on LinkedIn. SUKARI GOLD MINES is a company based out of 361 El-Horreya Road,,Alexandria, Egypt.
Jul 14, 2020· The company’s Sukari gold mine produced 130,994 ounces of gold in the March-June period, exceeding the previous forecast, mainly on account of higher mill feed grades. The mine production totalled 256,084 ounces for the initial six months of 2020.