Egypts unfavourable regulatory environment has made bitcoin adoption more difficult in the North African country. Nonetheless, Egyptians are secretly buying and selling the digital currency on peer to peer exchanges while a hidden network of cryptocurrency miners has emerged to take advantage of cheap energy to stealthily mine bitcoins. Egypts Underground Bitcoin Mining Scene Globally ...
On June 30, 2020, Egypts Ministry of Petroleum and Mineral Resources revealed the discovery of a gold deposit with estimated resources of 1 million ounces. The asset was found in the mineral rich Eastern Desert, on a mining concession run by state owned Shalateen Mining Company. The government did not provide details on the methodology used ...
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The first metal to be mined was copper. The oldest copper mines are in Egypt. Ancient Egyptians dug these mines about 7,000 years ago. By 5,000 years ago, people were also mining tin and combining it with copper to create bronze. This metal was important for making sturdy, long lasting weapons and tools.
Welcome to Egypt International Mining Show EIMS 2021 Virtual Connect. The Egypt International Mining Show scheduled for 25th 26th August 2021 , will bring together global Mining Companies, Investors, Solution Providers and Governments to explore new mining opportunities in the market, introduce their brands, make new connections and create long term strategic partnerships.