Egyptian tycoon eyes stake in Barrick’s Reko Diq project
Mining News Pro - Egyptian billionaire Naguib Sawiris, the northern African country’s second-wealthiest person, is said to be seeking a stake in the $7 billion Reko Dick copper-gold project, jointly owned by Barrick Gold and Pakistan.
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Visit: 145
Egypt to invest in gold, mineral mining
Mining News Pro - Egypt is working to increase the exploration of gold and minerals in the Eastern Desert with the aim of attracting investments in the mining sector.
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Visit: 456
Barrick Gold signs four exploration deals in Egypt
Mining News Pro - Barrick Gold has inked four gold exploration deals in Egypt’s Eastern Desert, the country’s ministry of petroleum and mineral resources said on Tuesday.
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Visit: 466
Miners seek gold under the desert sands after Egypt changes rules
Mining News Pro - Mining companies awarded blocks in Egypt’s Eastern Desert are set to start exploring for gold under a legislative overhaul that seeks eventually to unlock vast untapped mineral resources.
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Visit: 593
Billionaire Naguib Sawiris bets on Egypt’s gold
Mining News Pro - Egyptian billionaire Naguib Sawiris is backing his country’s drive to develop a gold industry following drastic changes to mining regulations passed last year.
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Visit: 622
Egypt extends deadline for gold mining bid round
Mining News Pro - Egypt has extended by 60 days the deadline to participate in the latest international tender for exploration licenses as the North African country struggles with a second wave of the coronavirus pandemic, with new daily cases on the rise after experiencing a sharp decline in January.
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Visit: 513
Altus expands footprint in Egypt with four new licenses
Mining News Pro - Altus Strategies is expanding its footprint in Egypt after securing four new gold exploration licenses in the country’s Eastern Desert, which add to a string of permits it obtained in January.
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Visit: 420
Altus to kick off gold exploration in Egypt
Mining News Pro - Altus Strategies is expanding its African footprint into Egypt after securing a string of gold exploration licenses in the country’s Eastern Desert.
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Visit: 610
Aton outlines plan to build Egypt’s second gold mine
Mining News Pro - Canada’s Aton Resources said on Monday that is ready to kick off an ambitious exploration drilling and development program focused on building Egypt’s second operating gold mine.
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Visit: 490
Egypt awards 11 companies concessions in mining bid round
Mining News Pro - Egypt has awarded 82 exploration blocks to 11 companies in an international bid round for mineral exploration, Petroleum Minister Tarek El Molla said on Thursday.
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Visit: 805
Egypt says $1.8 billion gold deposit found
Mining News Pro - Egypt’s Ministry of Petroleum and Mineral Resources revealed on Tuesday the discovery of a gold deposit with estimated resources of 1 million ounces, worth about $1.8 billion at today’s prices.
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Visit: 665
Centamin operations in Egypt unchanged
Mining News Pro - Egypt-focused gold miner Centamin said on Wednesday that operations at its Sukari gold mine remained unaffected by covid-19, adding it had stockpiled enough critical supplies to last until the end of June.
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Visit: 652
Egypt to launch bid round in March for gold exploration in Eastern Desert
Mining News Pro - Egypt plans to launch an exploration round for gold in its Eastern Desert in the first half of March, an official at the mineral resources authority said on Sunday.
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Visit: 1062
Sawiris in talks to buy 51% stake in Egypt state-owned mining firm
Mining News Pro - Egyptian billionaire Naguib Sawiris said on Sunday that he was holding talks to acquire a 51% stake in the state-owned Shalateen mining company.
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Visit: 635
Egypt eyes gold rush with fresh exploration tender by March
Mining News Pro - Egypt will invite international gold-mining companies to take part in a new exploration tender after the North African country eased the rules to woo investors, according to a person familiar with the matter.
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Visit: 859
Egypt issues new mining law regulations
Mining News Pro - Egypt issued new regulations that appear to eliminate the need for mining companies to form joint ventures with the Egyptian government and to limit state royalties to a maximum 20%, measures long advocated by the private sector.
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Visit: 832
Egypt’s Ezz Steel Records Dramatic Rise in Earnings amid Strong Local Demand in H1 CY18
Mining News Pro - Egypt’s biggest steel producer, Ezz Steel has recently unveiled its performance for the first half (H1) from Jan to Jun’18 of CY18 and if we analyse the company’s consolidated earnings, the same has recorded a significant increase of 164% y-o-y basis backed by the strong local demand.
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Visit: 1491
Egyptian copper`s origin revealed
Mining News Pro - Ancient Egyptian copper objects. Photo from Frederik W.Rademakers` research paper.
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Visit: 996
April was the Best Month for Egypt’s Rebar Market in H1 2018
Mining News Pro - According to the latest Central Bank of Egypt (CBE) data, April was the most favourable month for the country’s rebar market in the first half of 2018 as its domestic sales surged 21% Y-o-Y basis during the month to 633,300 tonnes.
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Visit: 1790
Egypt’s Rebar Prices Remain Stable, Imported Billet Offers Fall
Mining News Pro - After the haphazard movement in Egypt’s rebar prices in the month of Mar and Apr’18, no variation can be seen since then. According to the SteelMint sources, the rebar prices continue to remain unchanged over the past two months
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Visit: 1863