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Dec 08 2015 nbsp 0183 32Although most people don t associate Libya with gold mining it is an interesting country to watch especially if you are interested in mining Libya like most Arab countries depends on oil production to fund its economy In fact oil provides nearly 100 of the country s foreign earnings and contributes to about a third of the

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Jun 13 2019 · The state also has mineral resources including gold lead zinc and silver As of 2009 the country has gold reserves of about 173 tons while the leading firm in its mining is known as ENOR which is part of the larger Sonatrach In 2006 the firm was able to mine about 38 914 metric tons of gold

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Mining industry of Algeria private and state owned companies dominated the gold production attributed to the delayed delivery of equipment

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First Mining Gold Springpole Project On November 13 2015 First Mining completed the acquisition of Gold Canyon Resources Inc which wholly owned the Springpole Gold Project Springpole is one of Canada s largest undeveloped gold projects and the project s land position covers a total of 32 448 hectares over 80 000 acres

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Dec 08 2015 · Although most people don t associate Libya with gold mining it is an interesting country to watch especially if you are interested in mining Libya like most Arab countries depends on oil production to fund its economy In fact oil provides nearly 100 of the country s foreign earnings and contributes to about a third of the

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The Atlas Mountains in Algeria have a rich history as a source of gold It is estimated that mining the gold deposits within the Atlas Mountains in Algeria could produce between 200 000 and 300 000 ounces of gold a year but mining for gold in these mountains is yet to be done on a large scale given the political challenges at the present time

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An enormous wealth of natural resources is hidden beneath the Sahara Desert Principal among these riches are huge amounts of oil and natural gas particularly in territory belonging to Algeria and Libya Algeria and Mauritania have large reserves of iron ore and

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The country s sole gold producer is Enor which is a wholly state owned company Australian miner Gold Mines of Australia previously held a majority stake which it had acquired in 2005 06 but sold the 52 it held in the firm back to the government in 2011 The company operates the Amesmessa mine in Tamanrasset in Algeria s far south

 

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