Egypt discovers gold deposit in southeast -ministry
CAIRO, June 30 (Reuters) - Egypt has discovered a gold
deposit in the southeast of the country containing more than 1
million ounces, the petroleum ministry said on Tuesday.
The deposit lies in the concession area of the Shalateen
Mining Company, the ministry said in a statement, adding that
there could be investments exceeding $1 billion over 10 years to
exploit the deposit.
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