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๐Ÿ‡ช๐Ÿ‡ฌ Egypt /Economy & Trade

Egypt targets start of gold production from Abu Marawat mine this year

From Egypt Independent · () English

Summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • Egypt's Abu Marawat mine aims to begin commercial gold production in 2026, potentially increasing the country's gold output.
  • The project, a partnership between Egypt's EMRA and Canada's Aton Resources, is located in the Eastern Desert.
  • The initiative is expected to attract further mining investments, create jobs, and support economic development in the Red Sea and Qena governorates.

Egypt is targeting the commencement of commercial gold production at the Abu Marawat mine within 2026, a development anticipated to significantly boost the nation's gold output and attract further investment in the mining sector.

The Abu Marawat project, situated in the Arabian-Nubian Shield in the Eastern Desert, is a strategic partnership between the Egyptian Mineral Resources and Mining Industries Authority (EMRA) and Canada's Aton Resources. The concession area spans over 57 square kilometers.

The Abu Marawat project represents a practical model for the Ministry of Petroleum and Mineral Resourcesโ€™ strategy to establish modern mining projects that balance the optimal utilization of mineral resources with environmental protection, thereby increasing production and enhancing the value added to the national economy.

โ€” Geologist Yasser RamadanChairman of EMRA, describing the project's alignment with national development strategies.

This venture is poised to create direct and indirect job opportunities and contribute to economic and social development plans in the Red Sea and Qena governorates. EMRA Chairman Geologist Yasser Ramadan highlighted the project as a model for modern mining initiatives that balance resource utilization with environmental protection.

During a public consultation session, the Environmental and Social Impact Assessment (ESIA) for the Abu Marawat project was presented. This included discussions on a comprehensive waste management system, water recycling, and the use of advanced, environmentally friendly mining technologies. The project also incorporates integrated community development and social responsibility programs, reflecting a commitment to sustainable practices and stakeholder engagement.

We are committed to applying best international practices in sustainable mining, corporate governance and social responsibility, while maintaining the highest standards of environmental protection, occupational health and safety throughout all phases of the project.

โ€” Ayman IbrahimChairman of Abu Marawat Gold Mines Company, reaffirming the company's commitment to international standards.
DistantNews Editorial

Originally published by Egypt Independent. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.