Sukari mine

Sukari mine
Location
Sukari mine
Red Sea Governorate
Country Egypt
Coordinates 24°57′25″N 34°42′36″E / 24.95694°N 34.71000°E / 24.95694; 34.71000Coordinates: 24°57′25″N 34°42′36″E / 24.95694°N 34.71000°E / 24.95694; 34.71000
Production
Products Gold
Production 420,000 oz/y
History
Opened 2009
Owner
Company Centamin

The Sukari mine or Alsukari mine (Arabic: السكري Al-Sukkari, Egyptian pronunciation: El-Sokkari) is a Gold Mine located in the Nubian Desert/Eastern Desert near the Red Sea in Egypt in the south-east of the country in the Red Sea Governorate,[1] 30 km south of Marsa Alam. It is exploited jointly by the Egyptian Ministry of Mineral Resources and Centamin. It is Egypt's first modern gold mine,[2] an industry considered to have scope for expansion in the country. Egypt was known in the ancient world as being a source of gold, and one of the earliest available maps shows a gold mine at this location.[3]

It is a combination of an open-pit mine and an underground mine, with estimated reserves of 15.4 million oz of gold.[1] The site is supplied by a 30 km long pipeline bringing water from the Red Sea.

History

The $265-million project began gold production in 2009 with 850 workers. The initial yield was 2 g/t, with future yields expected to rise to between 5 g/t and 10 g/t.[4]

In October 2012 Centamin's licence for the Sukarim mine was annulled by an Egyptian court,[2] and in December operations were suspended over a payment dispute and exports halted.[5] Within a week significant parts of the dispute with the Egyptian state were resolved and exports were resumed.[6]

By 2014 production had risen to 250,000 oz. in the first nine months, with a target figure for the entire year of 420,000 oz.[7]

References

  1. 1 2 "Sukari Gold Mine". centamin.com. 2013. Retrieved 2013-07-16.
  2. 1 2 Els, Frik (30 October 2012). "Investors flee Centamin after Egyptian court annuls gold concession". mining.com.
  3. ↑ A special report on Egypt The Economist
  4. ↑ Creamer, Martin (11 February 2009). "Egypt's Sukari gold mine to begin producing 200 000 oz/y". Mining Weekly.
  5. ↑ Els, Frik (13 December 2012). "Centamin stock collapses after operations, gold exports halted by Cairo". mining.com.
  6. ↑ Jamasmie, Cecilia (18 December 2012). "Centamin’s stock recovers as gold export resumes". mining.com.
  7. ↑ Jamasmie, Cecilia (9 October 2014). "Centamin shares jump on Sukari gold mine results". mining.com.
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