Egypt Gains EGP 930 MM from Sukari Mine Taxes

Egypt Gains EGP 930 MM from Sukari Mine Taxes

The General Manager of Centamin Egypt, Youssef El Raghy, announced that Egypt received a total amount of taxes exceeding EGP 930 million from Sukari gold mine, since the start of operation and until the last of December 2020, according to Almal newspaper.

Raghy stated that Centamin pays its taxes on a regular basis, according to its profits, rates and shares. He also confirmed that the total gold quantities that were sold to the Central Bank of Egypt (CBE) exceeded 2.1 tons of pure gold from 2017 until the last of December 2020. It should be noted that CBE signed an agreement with Centamin to buy gold with the local currency, as the bank provided the company’s monthly needs in local currency estimated at EGP 50 million to receive from the company gold bars with the equivalent value in dollar.

Additionally, Raghy pointed out that the agreement aims to increase Egypt’s gold balance at CBE by supplying part of the gold production from the Sukari mine.


Welcome! Login in to your account

Remember me Lost your password?

Lost Password