Mining
Egypt's Ambassador to Juba Moataz Mostafa Abdel Qader met earlier this week with South Sudanese Minister of Trade and Industry Kuol Athian.
It is located western Red Sea's Safaga town in the Eastern Desert.
Egyptian Minister of Petroleum Tariq el-Molla revealed that the country is planning to establish some industrial cities in the Eastern Desert and Sinai in order to achieve added value to the mineral resources, during the International Mining Conference in Saudi Arabia.
Currently, the company is working towards the target of producing 400,000 and 430,000 gold bars by the end of 2021.
In a similar context, the spokesperson added that the ministry had invited tenders for a gold mining opportunity in Egypt.
The meeting took up projects designed for joint action with the aim to best benefit from riches of both countries in light of promising investment opportunities, Molla said in statements.
Sisi highlighted the importance of this vision in helping the exploration of mineral resources nationwide.
The Ministry of Petroleum disclosed on Monday the updated version of the National Plan for Petrochemical Industries taking place between 2020 and 2035.
Sources told Egypt Today that 10 companies purchased the applications of the international gold exploration auction announced by Egypt earlier this year.
The passenger was coming from Dubai.
The law has been approved but final details are yet to be published in the official gazette.
Mining vast untapped reserves of bauxite, phosphate, gold, copper and uranium is key to the Saudi Arabia’s efforts to diversify its economy away from hydrocarbons.
President Abdel Fatah al-Sisi inaugurated the 15 Arab International Mineral Resources Conference taking place on November 26-28.
Five miners died on Sunday in a fire at a South African copper mine operated by unlisted Palabora Mining Company, the company said in a statement.
The government of new Peruvian President Martin Vizcarra said on Wednesday it would not "impose" mining projects on nearby communities that object to them.
The Egyptian Mineral Resource Authority (EMRA) has received around $14.4 million in revenues from the Sukari gold mine in January 2018.
The value of global mining and metals deals hit a four-year high in 2017, according to accountancy firm EY.
Australian Ambassador to Egypt Neil Hawkins said that Egypt has tremendous possibilities in the mining sector.
The mine’s gold reserves rose to eight million ounces, after production increased by one million ounces in the period between June 2015 to June 2017.
A wrap-up of the most prominent business news of the day
