Clarification on economic model for the Egyptian gold mining industry

CLARIFICATION- Regarding our piece earlier this week on plans for the overhaul of the economic model for mining in Egypt, Wood Mackenzie has been contracted by an affiliate of the Petroleum Ministry to lead on the study, not by players in the industry themselves. Per the State Information Service in March of this year: “Under the contract, Wood Mackenzie will study the mining sector in Egypt and lay out an appropriate development strategy by August. Enppi company will offer needed logistic and technical support for the consultancy group.”