Four local, int'l companies win Egypt's tender on gold, minerals exploration

CAIRO - 3 July 2017: Four local and international companies won the Egyptian gold mining exploration tender on the right to exploit five areas in the Eastern Desert and the Sinai Peninsula, Petroleum Minister Tarek El Molla said on Monday.

In a statement on Monday, the Petroleum Ministry said Resolute Egypt won two concessions, while Britain's Veritas Mining Limited, Ghassan Spain Investment, and Egypt's East Gas Company copped one concession each.

Molla said the ministry's top priority is developing the mineral wealth sector via forging new strategies for the optimal economic use of mineral wealth.

The ministry is looking forward to making this sector one of the pillars of the Egyptian economy, noting that tenders encourage investments in the mineral wealth sector in Egypt.