MINING REFINING

Centamin CEO Projects 5 Million Ounces of Gold Extraction in Egypt Over Next Decade

Tue July 16 2024

During his speech at the Egypt Mining Forum (EMF), Martin Horgan, CEO of Centamin, projected the extraction of 5 million ounces of gold over the next decade.

Horgan, whose company operates the Sukari mine, highlighted that Egypt is competing with several countries to attract investments to its mining sector due to its political and security stability, favorable geological conditions (such as the Nubian Shield), and skilled workforce.

He also noted that the Sukari mine is considered a global model, with substantial gold reserves. Horgan affirmed Centamin’s commitment to continuous development and new investments in the mine in cooperation with the Egyptian government.

Additionally, Horgan announced that Centamin has launched three initiatives to develop the mining sector in Egypt and plans to build a mining school in the country. He emphasized that Egypt has promising mining opportunities and skilled human resources that will contribute to the growth of the Egyptian economy.

Source: https://egyptoil-gas.com/