Youssef Al Rajhi, CEO of Sentamin Egypt and General Manager of the Sugar Company for Gold Mining, said in a special statement to "Day Seven" of the Ministry of Oil a received $ 1.450 million under the profit account of the sugar mine in June.
The Australian company Centamine, operator of the sugar mine, announced a decline of about 25% in gold mine production in the second quarter of this year and a production of 92.8 thousand ounces versus 124.6 thousand ounces As of 2017, although the company has broken nearly 18.415 million tonnes of rock compared to 17.793 in the second quarter of 2017, the company said that this is due to the low quality of the gold classes, to the expected increase in the second half of this year, stimulated by continuous improvements in the drilling site.
The company stated that it would maintain projected production rates for the whole of 2018 at a level of 505-515,000 ounces, where the company confirmed that the plant of Transformation was conducted according to expectations despite reduced nutrition.
Two gold producing companies are currently operating in Egypt: the Australian company Pharaonic of the Sugar mine, the mining company of Cyprus, which operates the Hamsh mine, as well as two mining and gold exploration companies , Atone Mining, Second Dubai. "
The Mineral Resources Authority Announces the Results of its 2017 No.1 Bid for Gold Exploration in Five Areas of the Eastern Desert, Including the Bocari Award and Um Samra at Resolut Egypt Limited and Umm Al Russ Region at Virtas Mining The company has reduced its forecast for gold production from the sugar mine to reach about 515,000 ounces this year, compared to 560,000 ounces expected with the beginning of the year
According to Sentamin's official data, sugar exports account for about 2% of the Egyptian export balance.
News | The Authority mineral resources receives $ 1.4 million in profits from sugar mines – you can see the original source of news of the following link: The Copts are united and the site of the unit declines any responsibility for the news content ,
