Australia’s Mineral Technologies awarded tender to supply drilling gear for Black Sand project

Australia’s Mineral Technologies was awarded a tender on Monday to supply drilling equipment for the black sand extraction project in Borolos, Al Borsa reports. The contract should be signed in two weeks’ time, but the Egyptian Black Sand Company is still negotiating a final price for the machines, Black Sand Company head Ashraf Sultan says. A USD 40 mn plant will be built in Kafr El Sheikh to process the mineral-rich black sand, Sultan adds, explaining that the Electricity Ministry is asking for c. EGP 300 mn to connect the facility to the national power grid.