Egypt’s revival in gold mining to boost exports, generate foreign reserves

London-based research firm BMI Research has earmarked Egypt as a mining country to watch, given that its gold mining sector is expected to record strong growth of about 6% a year between 2017 and 2021. The firm noted that the country, which could see output of 740 000 oz/y by 2021, was inviting international gold mining companies to explore for the precious metal for the first time since 2009, with the government to hold a tender for concessions on January 15.