The Iron and Steel for Mines and Quarries company announced that its total sales for August 2026 reached approximately 195.16 million pounds, according to a disclosure sent to the Egyptian Stock Exchange. This figure was revealed in a decision made by the company's board of directors during a meeting on September 26, 2026. The sales report highlights the company's performance in various sectors.
The company's sales from the Bahariya Oasis mines during August included the sale of around 158.18 thousand tons of iron ore produced by a crusher, valued at 161.06 million pounds. Additionally, the company sold about 71.3 thousand tons of high-manganese iron ore produced by a crusher, amounting to approximately 23.62 million pounds.
Furthermore, the company reported sales of high-barium iron ore from the mountain, totaling 9.53 thousand tons, valued at 1.05 million pounds. These transactions contributed to the company's overall monthly sales of 195.16 million pounds for August 2026. The company's diverse product portfolio and significant sales figures underscore its importance in Egypt's mining sector.
In terms of production, the company's data showed that it produced around 93.87 thousand tons of iron ore/crusher output during August. The company also produced approximately 60.49 thousand tons of high-manganese iron ore from the crusher and about 9.6 thousand tons of high-barium iron ore from the mountain.
The company's board of directors, led by Chairman Murad Taha El-Arif, held a meeting attended by the Executive Director, Tarek Kamal Khalil El-Bagouri, and other board members. During the meeting, the board reviewed and approved the minutes of the previous meeting held on September 21, 2026. They also reviewed production and sales reports for August 2026.
The Iron and Steel for Mines and Quarries company's significant sales figures and production levels demonstrate its ongoing activities in Egypt's mining industry. The company's performance in August 2026 reflects its continued efforts to contribute to the country's economy through its mining operations.
The company's disclosure to the Egyptian Stock Exchange provides stakeholders with valuable insights into its financial performance and operational activities. This transparency is essential for maintaining trust and confidence in the company's management and operations.
Key points
- The company's total sales for August 2026 reached approximately 195.16 million pounds.
- The sales included 158.18 thousand tons of iron ore produced by a crusher, valued at 161.06 million pounds.
- The company's production levels included 93.87 thousand tons of iron ore/crusher output during August.
