Recently, CGM, a subsidiary of CGC, successfully won the bid for the El Qoseir iron ore exploration project in Egypt, marking the company’s first-ever project breakthrough in the Egyptian market.
The project is located in the central iron ore belt of Egypt’s Eastern Desert, about 30 kilometers from the Red Sea coast, with a mining license area of 14.45 square kilometers. Adjacent to known iron ore deposits such as Wadi Kareim, the site forms an important part of the regional iron ore belt. Phase I of the project will focus on a key exploration area of 4 square kilometers, with an exploration depth of around 200 meters. Exploration methods will include surface reconnaissance, geological section surveying, large-scale geological mapping, route geological surveys, magnetic geophysical exploration, light surface mountain engineering and core drilling. The project is expected to identify one to two BIF-type industrial ore bodies of a certain scale.
Taking this project as a new starting point, CGC will fully leverage its comprehensive strengths in project execution, geological exploration and resource evaluation. Through technological innovation and refined project management, the company will continue to improve exploration efficiency, control project costs and deliver high-quality professional services to clients. Looking ahead, CGC will remain committed to its development philosophy of engineering-driven, technology-led growth, steadily advancing international mineral resource exploration and development and contributing to the high-quality joint development of the Belt and Road Initiative.
