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The Sukari mine is Egypt's first modern gold mine. Egypt was known in the ancient world as being a source of gold, and one of the earliest available maps shows a gold mine at this location. [1] Today. Sukari is a combination of an open-pit mine mine and an underground mine. [2] The site is supplied by a 30km-long pipeline bringing water from ...
In a gold note of its own today, UBS said it could see a path for gold hitting $3,200 an ounce. ... Year to date, gold prices are up 9.7%% to $2,925 an ounce. They are hovering around record highs.
Mining in Egypt has had a long history that dates back to predynastic times. Active mining began in Egypt around 3000 BCE. Egypt has substantial mineral resources, including 48 million tons of tantalite (fourth largest in the world), 50 million tons of coal, and an estimated 6.7 million ounces of gold in the Eastern Desert. [1]
The inscribed value is of 3 deben, representing a unit of 29 grams (1.0 oz), likely the earliest copper deben. [2] Based on this evidence, it was argued recently that copper and gold deben were used since Early Dynastic Period in ancient Egypt.
By 1405 French gold crowns were hardly issued at all, [10] and in 1409 Parisian money-changers declared they could not sell bullion to the mint at any price. [12] Even the ducal mints of John, Duke of Burgundy, stopped minting coins by 1432–1434. [13] From 1400 to 1420, gold coins were no longer circulated in Toulouse. [13]
In 1885, Egypt went into a purely gold standard, and the Egyptian pound unit, known as the juneih, was introduced at E£1 = 7.4375 grammes of fine gold. This unit was chosen on the basis of the gold content in the British gold sovereign and maintaining the exchange value of 97.5 piastres to the pound sterling, and it replaced the Egyptian ...
Ahmed Elgendy of Egypt became the first athlete from Africa to win the Olympic gold medal in modern pentathlon at the Paris Games on Saturday. Elgendy had a 17-second head start for the laser run ...
Teos' successor Nectanebo II kept this practice, though coining his personal gold staters. Gold stater as a daric (about 8.42 grams), obverse with a prancing horse on the right, [1] reverse with the hieroglyphs nfr-nb. Small gold stater (about 2.56 grams, diameter 14-15 mm), with a probable picture of a leaping gazelle.