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Total reserves at Egypt’s Sukari gold mine are totalling 14.5 million ounces, valued at around $20 billion, said Ali Barakat, chairman of Sukari Gold Mining Company, on Thursday.
Sukari Gold Mining Company is a joint venture between Australia-based Centamin and the Egyptian Government that operates Egypt’s commercial gold mine in the Eastern Desert.
Barakat made these remarks during accompanying Egyptian Minister of Petroleum Tarek el-Molla in his visit to the Sukari gold mine on Thursday.
The total production at the Sukari mine has reached so far 83 tonnes of gold since January 2010, Barakat added, saying that the project is with investments worth around $1.7 billion, providing 4,500 direct and indirect job opportunities. 
