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Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla witnessed the signing of 10 new gold exploration contracts with investments of more than $ 11 million.
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The Egyptian minister stressed that the success achieved by the global gold exploration and mining auction, the results of the first phase of which were announced at the end of last November, gives a strong impetus to continue to develop the sector. Egyptian mining company.
The signing included 4 contracts with AKH Gold, a subsidiary of Egyptian businessman Naguib Sawiris, in 9 sectors in the Eastern Desert.
It should be noted that 5 gold exploration and exploration contracts have already been signed as part of the winning bids, with total investments estimated at $ 13 million, in 13 sectors with the Canadian Lotus Gold Company, the Egyptian company Medaf for mining and industry, and the Egyptian company Ebdaa Forgold.
Source: RT
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