The World Bank believes metals prices will rise more sharply in 2017 than it had forecast in July as a result of faster-than-expected mine closures. (Image source: Communicantcy/Pixabay)
Global mining activity is struggling to recover from its downturn at the start of 2015 and last year?s depressed metals prices, combined with falling demand in China and the rest of the key world economies, has led to fears in some quarters that the bottom of the cycle may not be reached in 2016
Centamin?s Sukari mine, Egypt?s sole gold-exporting mine, had paid the government US$40mn in profits since last July. (Image source: Glen Ross/Flickr)
Egypt will hold its first international tender for gold mining concessions since 2009 in early December, petroleum minister Tarek El Molla said at an economic conference
The group is seeking US$600mn from one or more international joint venture partners to help develop the two copper mines in the country. (Image source: Neta623/Pixabay)
Private Iranian company Mahan Company for Mines and Industries Development (MACMID) is seeking joint venture partners to help develop copper, steel and other projects in the country, according to managing director Ebrahim Sadeghi
SONARtrac flow meters provide accurate and reliable flow measurements for a wide range of applications and industries. (Image source: CiDRA)
Yokogawa Electric Corporation and CiDRA Corporate Services have entered into a distributor agreement to sell latter?s SONARtrac? range of flowmeters in the Middle East ? Saudi Arabia, UAE, Bahrain, Egypt, Kuwait, Oman and Qatar, besides the Asian markets
As of December 2015, the mine had reserves of 1.9mn ounces of gold. (Image source: Possumgirl/Flickr)
Saudi Arabian Mining Company (Ma?aden) has begun commercial output at the Ad Duwayhi gold mine in western region of the Kingdom
