EMRA tender winners to invest USD 41.3 mn in Eastern Desert exploration

EMRA tender winners to invest USD 41.3 mn in Eastern Desert exploration: The winners of the Egyptian Mineral Resources Authority’s (EMRA) gold mining tender in the Eastern Desert and Sinai Peninsula will be investing around USD 41.3 mn collectively in exploration activities, sources close to the matter tell Youm7. The UK’s Veritas Mining Limited will spend USD 11 mn on its Omm Ras concession, while Ghassan Spain will invest USD 4 mn to explore the Dahab concession. Resolute Egypt plans to spend USD 18.5 mn at the Boukary and Omm Samra concession. Egypt’s East Gas Company will be allocating around USD 8.2 mn to exploration activities at the Omm Oud and Hangaliya concession.