The Egyptian Marawat Gold Project, once labelled as risky by Canadian miner Aton Resources, is set to begin production in less than a year.
The project, which is primarily intended to attract mining investments and provide direct and indirect job opportunities, will begin production in 2027, according to a statement by Egypt's Ministry of Petroleum and Mineral Resources.
Via the statement, the ministry also revealed that the project is one of Egypt's most promising gold mining ventures.
The project, located in the Arabian-Nubian Shield in the Eastern Desert, is being developed through a strategic cooperation between the Egyptian Mining Resources Authority (EMRA) and the Canadian mining company mentioned earlier.
The project, which is a 50/50 joint venture between both partners, spans a concession area of about 57 square kilometers.
