https://www.engineeringnews.co.za

Egypt awards 11 companies concessions in mining bid round

The Sukari mine, in Egypt.

The Sukari mine, in Egypt.

19th November 2020

By: Reuters

  

Font size: - +

CAIRO – 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.

Among the companies awarded concessions were Australia's Centamin, Canadian companies B2Gold, Barrick Gold, Lotus Gold, Red Sea resources and Britain's AKH Gold.

Though Egypt has a history of gold-mining stretching back to the pharaohs, it has only one commercial gold mine, Centamin's Sukari, which contributes up to $900-million a year to its gross domestic product.

The winning companies were awarded only 29% of the blocks on offer in the bid round.

Egypt is targeting $1-billion in investment in the mining sector and has opened up a second bid round for gold and mineral exploration from Thursday to last four months, Molla said.

Edited by Reuters

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

ACTOM
ACTOM

Your one-stop global energy-solution partner

VISIT SHOWROOM 
WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.057 0.098s - 140pq - 2rq
Subscribe Now