Egypt aims to produce 480,000 ounces from Sukari gold mine in 2023

Egypt Today: Egypt aims to produce between 450,000 and 480,000 ounces from the Sukari gold mine during 2023, the Ministry of Petroleum and Mineral Resources announced.

The production of the Sukari mine during 2022 amounted to 440,974 thousand ounces, with an annual increase of 6 percent.

“Since the start of production at the Sukari mine until the end of last February, 5.2 million ounces were produced, with revenues estimated at about $7.5 billion,” Minister of Petroleum and Mineral Resources, Tarek El-Molla said.

He added in a statement that thanks to the intensification of exploration activities in the Sukari mine in the past two years, about 2 million ounces were added to the mineral reserves, and the life of the subsurface mine was extended from 3 to 9 years, by adding about half a million ounces to its reserves.

Molla inaugurated the solar power plant at the Sukari mine with a capacity of 36 megawatts, in addition to a battery storage system with a capacity of 7.5 megawatts to feed the mine.

The station contributes to reducing fuel consumption in the mine by 22 million liters annually, as well as reducing carbon emissions by 60,000 tons of CO2 gas equivalent annually. It is the largest station separated from the electrical network, dedicated to securing electricity for a mining site in the world.

Egypt Today Contribution Time: 23-Mar-2023 20:48 (GMT)
Egypt Today Last Update Time: 23-Mar-2023 20:48 (GMT)