Egypt's Sukari gold mine is expected to boost annual output to over 506,000 ounces by 2032, backed by expanded reserves and long-term operational plans, Red Sea Deputy Governor Magda Hanna said on Tuesday. Speaking at the Egypt Mining Forum in Cairo, Hanna said Sukari remains a leading model of successful public-private partnership in the mining sector, operated jointly by the Egyptian Mineral Resources Authority (EMRA) and AngloGold Ashanti. "The mine produced about 450,000 ounces of gold in 2023, valued at $139 million, up from 441,000 ounces in 2022," Hanna noted. "With current reserves exceeding 6.2 million ounces, there are plans to extend Sukari's lifespan well beyond 2030." Discovered in the 1990s and brought into commercial production in 2010, Sukari ranks among the world's top 10 gold mines, she added. Hanna credited the mine's success to strong inter-agency collaboration and Egypt's legal framework, which offers tax breaks and logistical incentives to investors. She added that exploration efforts are expanding, with four new zones in Shalateen and eight in Marsa Alam. The Red Sea governorate also holds significant deposits of limestone and granite between Ras Gharib and Halayeb. "Egypt's mining growth is underpinned by a supportive logistics network," she said, pointing to key export hubs such as Safaga Port for phosphate shipments and Al-Saba'iya Port in Edfu. The Sukari mine is central to Egypt's ambitions to become a regional leader in mineral resource development. Attribution: Amwal Al Ghad English Reporting: Aya Anwar Writing: Y.Yasser Subediting: Y.Yasser
