Winners of gold mining tender to be announced in November

The results of Egypt’s latest gold and mineral exploration tender will be announced before the end of November, Al Mal reports, citing an unnamed government official. Canadian mining firm Barrick Gold, Naguib Sawiris’ La Mancha, and Egypt-focused Centamin are among the companies that have submitted bids in the tender for the rights to mine 320 blocks spread over 56k sqkm in the Eastern Desert. The government had launched the tender in March, and then extended the deadline by two months to 15 September due to the pandemic. Oil Minister Tarek El Molla said earlier this year that a new gold exploration tender would be launched every four months.