goldrefinery

🟡 Egypt Establishes Supreme Gold Committee, Plans National Refinery 🇪🇬🟡

Egypt has formed a Supreme Committee for Gold to reshape its gold sector — from extraction and refining to manufacturing and trading. The government aims to build a national gold refinery and transform the country into a regional industrial hub for gold processing and exports.

📌 Key Facts

Supreme Gold Committee launched by presidential decree, chaired by Prime Minister Mostafa Madbouly.

The plan includes reviewing a national gold refinery project that meets international standards for trade and export.

Committee will maximize value addition across the gold value chain — exploration, extraction, purification & manufacturing.

Officials from industry, transport, the central bank, and minerals authorities are participating.

Three potential locations for the refinery are being evaluated.

💡 Expert Insight
Egypt’s move signifies a strategic shift from exporting raw gold to adding value domestically — potentially attracting foreign investment, creating jobs, and boosting reserves through refined exports.

📈 Market Angle
This kind of industrialization plan can strengthen Egypt’s gold ecosystem, support local mining projects (e.g., Sukari gold mine) and help formalize gold markets, while complementing broader regional mineral strategies.

📊 Direction (Macro Sentiment)
👉 Bullish for gold sector development — strategic government support and refinery plans may deepen local value chains and attract investment.

#GoldIndustry #GoldRefinery #MiningNews #SafeHaven #ValueChain $PAXG $XAU