El Molla participates in PDAC mining convention to promote gold exploration tender

Oil Minister Tarek El Molla is in Canada today to participate in the Prospectors and Developers Association of Canada (PDAC) mining convention and promote the Egyptian Mineral Resources Authority’s (EMRA) gold exploration tender in the Eastern Desert and South Sinai, Youm7 reports. The tender has raised concerns among international mining companies who feel that the production-sharing model would not work for them. El Molla is reportedly accompanied by EMRA head Omar Taima, who has basically been brushing off these concerns and insisting that the terms will remain as they are.