Mining in Egypt has had a long history that dates back to predynastic times. Active mining began in Egypt around 3000 BCE. Egypt has substantial mineral resources, including 48 million tons of tantalite (fourth largest in the world), 50 million tons of coal, and an estimated 6.7 million ounces of gold in the Eastern Desert.[1] The total real value of minerals mined was about E£102 million (US$18.7 million) in 1986, up from E£60 million (US$11 million) in 1981.[2] The chief minerals in terms of volume output were iron ore, phosphates, and salt. The quantities produced in 1986 were estimated at 2,048, 1,310, and 1,233 tons, respectively, compared with 2,139, 691, and 883 tons in 1981. In addition, minor amounts of asbestos (313 tons) and quartz (19 tons) were mined in 1986.[2] Preliminary exploration in Sinai indicated the presence of zinc, tin, lead, and copper deposits.[2] Private sector exploration and exploitation activities so far have been limited.[1] Only recently, AngloGold Ashanti with its joint Venture Partner Thani Dubai and a Canadian listed exploration company, Alexander Nubia International have been undertaking exploration in Egypt's Eastern Desert with some success. Centamin Ltd., a mineral exploration company founded in Australia, started a massive mining project in Sukari Hill.[3]