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June 30, 2020 A 28-ton gold mine. The Egyptian Ministry of Oil and Mineral Resources announced the discovery of this vast deposit. The reserve, the statement said, is intended to attract over a billion dollars over the next ten years.

The discovery of the mine, which is located in the concession area of ​​the Shalateen Mineral Resources Company, was made during the 2018-2021 program of the Ministry of Oil for the development and modernization of the mining sector and the increase in its contribution to the national income of the country.

The statement adds that the mining sector is expected to reach $ 375 million in the next two years and direct investment is expected to increase.
of gold to a billion dollars by 2030.