Newmont’s Carlin Trend mine in Nevada is the sixth-largest gold facility in the world, while Barrick’s Cortez mine, which is also in Nevada, comes in 10thon the list.
Egypt became the largest buyer of gold among the central banks in the world during the first quarter of 2022, amid economic instability due to the Russian-Ukrainian crisis.
A report issued by the World Gold Council a few days ago indicated that the Central Bank of Egypt (CBE) bought 44 tons of gold last February, bringing its total holdings by 55 percent and up to 125.3 tons, which is equivalent to 19.4 percent of the total Egyptian reserves.
With an estimated 6.7 million ounces of gold, 48 million tons of tantalite (fourth largest reserves in the world), and 50 million tons of coal, Egypt has the potential to be one of the top mining jurisdictions in the world.
(Nov-7-2020) Top five countries with the largest gold mine reserves in the world
https://www.nsenergybusiness.com/news/largest-gold-reserves/ https://archive.ph/0HTbJ
Newmont’s Carlin Trend mine in Nevada is the sixth-largest gold facility in the world, while Barrick’s Cortez mine, which is also in Nevada, comes in 10thon the list.
(May-9-2022) Egypt largest buyer of gold in world
https://archive.ph/3qyED#selection-513.22-521.276
Egypt became the largest buyer of gold among the central banks in the world during the first quarter of 2022, amid economic instability due to the Russian-Ukrainian crisis.
A report issued by the World Gold Council a few days ago indicated that the Central Bank of Egypt (CBE) bought 44 tons of gold last February, bringing its total holdings by 55 percent and up to 125.3 tons, which is equivalent to 19.4 percent of the total Egyptian reserves.
(2020) Mining to Egypt - Trends and opportunities
https://archive.ph/iDgW3#selection-1569.292-1569.515
With an estimated 6.7 million ounces of gold, 48 million tons of tantalite (fourth largest reserves in the world), and 50 million tons of coal, Egypt has the potential to be one of the top mining jurisdictions in the world.
Egypt Gold Reserves as of Jan-2023
https://tradingeconomics.com/egypt/gold-reserves
125.55 Tonnes of Gold, still small compared to the top 5
https://files.catbox.moe/u2h1ka.png
Egypt buying gold sounds to me like a requirement for joining BRICS?
Quite possible!