Did you know there's something called "«Dakak»" in Egypt? Apparently it was a gold mill powered by a windmill. What a neat idea. The ancient history of gold mining in Egypt holds inspiration for the future.

-- https://www.almasryalyoum.com/news/details/1420980

"... ores and rocks saturated with gold ore were transported from the mountains and mines to the mill, which works by windmills, so he called it «Dakak», .. extracted gold..."
"... oldest and most important gold factories in Egypt in the southern Red Sea city of Marsa Alam and the most important geological features of the Red Sea, the factory... was transferred to ore from the sugar mines..."

Again, what a good idea that is. 

Green-energy gold mining? An exceptional idea that deserves to be repeated. Can we run the mining fleet as electric vehicles powered by solar, too? There's lots of steady sun exposure at exploration ground in Egypt. Solar power for Centamin? When does solar power compete with diesel for the modern SUKARI gold mine? 

There is such potential for Egypt to provide leadership for the global mining industry in the 21st century.


Morgan Stanley analysts recognized that Egypt is on track to become a “breakout nation” in a publication Wednesday, 14 August 2019. There's detailed commentary on all aspects of the economy (all time low interest rates are 9% in last 25 years?), but one driving push around mining. The news flow around "#EgyptMining" is rich with information. Imagine what "EPSILON THEORY" would say about the political narratives around mining in Egypt? https://twitter.com/EpsilonTheory

One simple takeaway for market hawks is the tension of the crowd waiting to get excited about mining in Egypt. The Morgan Stanley article mentions "local business executives say foreigners won’t invest heavily before they see local companies expand heavily first, which is yet to happen."

Less that a month later, another article on the topic. Today, Tuesday, 3 September 2019 the Enterprise Press reports that "Naguib is waiting on the Mineral Resources Act’s exec regs before deciding on gold investments in Egypt".  This is Mr. Naguib Sawiris, of course. Watch for him to lead in a bull run in Egypt mining. https://enterprise.press/stories/2019/09/03/naguib-is-waiting-on-the-mineral-resources-acts-exec-regs-before-deciding-on-gold-investments-in-egypt/

Who is Naguib Sawiris? Wikipedia notes, "In 2015 Sawiris was listed in Forbes magazine as the 577th richest person in the world, with a personal wealth of $3.1 billion". You may remember him from such headlines as April 30, 2018 article "This Billionaire Has Put Half His Net Worth Into Gold" by Tamim Elyan and Manus Cranny.  https://www.bloomberg.com/news/articles/2018-05-01/north-korea-is-a-bright-spot-for-billionaire-who-forecasts-crash

April 2018: Naguib Sawiris invests half new worth into gold.

September 2019: Naguib Sawirirs waiting before deciding on gold investments in Egypt.

What next?

One way to guess at what comes next is the to answer a question: Who has a bigger impact on gold mining in Egypt over the next 10 years, Mr. Naguib Sawiris or Mr. Mark Bristow? Who knows. Watch for Wood Mackenzie to play a role in future headlines around mining in Egypt, too. https://ceo.ca/@Newton/egyptmining-headlines-of-tomorrow-aan

The Wall Street consensus reflected in August article from Morgan Stanley August that "local business executives say foreigners won’t invest heavily before they see local companies expand heavily first, which is yet to happen." In the first week of September, we hear from Egyptian billionaire goldbug that "executive regulations to the newly-ratified Mineral Resources Act will determine whether or not [he] Naguib Sawiris will invest in Egypt’s gold and copper mining industry". Is there potential for sustained strength in gold mining, globally, alongside the birth of a new mining industry in Egypt. Overlay that with sustained general economic strength in Egypt and opening up of immigration? Exciting scenarios. A mining bull market can fuel great prosperity for generations.