


Stay gold: Egyptian ambition and investment - Egypt discovers new goldmine in Eastern Desert with more
In addition to this, in June 2020, Egypt's Ministry of Petroleum and Mineral Resources announced that it had found a further $1.8bn gold deposit in the country. The asset was found in the mineral-rich Eastern Desert, on a mining concession run by state-owned Shalateen Mining Company.Wednesday, 1 July 2020 Egypt discovers gold deposit in the Eastern Desert A gold deposit estimated to hold over 1 mn ounces was discovered in the Eastern Desert's Iqat region, the Oil Ministry said in a statement. The deposit, which also contains other minerals, is located in state-owned Shalateen Mining Company's concession area.
