El Saie replaces Taima as head of EMRA

MOVES- Ayman El Saie was appointed as head of the Egyptian Mineral Resources Authority (EMRA), according to Ahram Gate. El Saie succeeds Omar Taima, who was at loggerheads with the largest gold explorers in the country over the terms of the most recent gold exploration tender. Centamin, Aton Resources, and Thani Stratex had all refused to participate in the bid round citing concerns over EMRA’s insistence that production sharing agreements were the way to go. Taima had challenged them saying the bid round was “successful,” despite no participations from major companies.