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Egyptian map leads to gold
- Egypt: Saturday, May 13 - 2006 at 11:18
Centamin Egypt will produce its first gold bar next year, Egyptian Petroleum and Mineral Resources Minister, Sameh Fahmy, told Bloomberg. The company was encouraged to explore for gold at the Sukari mining lease site by a 3,000 year old map thought to have been drawn by King Seti, outlining possible gold sites and now housed in Milan. The 160 sqkm area has proven reserves of 6m ounces of gold, worth more than $4bn.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, May 13 - 2006 at 11:18 UAE local time (GMT+4)
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This article was updated on Sat Apr 07 2007.
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