The Federation of the Egyptian Chambers of Commerce’s quarries division presented to the House Industry Committee its requests for changes to make to the proposed amendments to the Mineral Resources Act yesterday, division head Ibrahim Ghaly tells the local press. The requests include reducing the punishment for extracting more material than their licenses allow from mines and quarries and extending the validity of mining licenses for value-added projects. The division also objected to two of the bill’s articles pertaining to the rent and royalty payments, which it said are discouraging to investments. The Madbouly Cabinet had approved earlier this week amendments to the bill, and was expected to send the bill to the House of Representatives.

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