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An all-Sawiris mining merger
Sawiris-backed Altus Strategies is merging with Toronto-listed gold royalty company Elemental Royalties in an all-stock transaction, the companies said in…
Altus strikes gold
Sawiris-backed Altus Strategies has made multiple “high grade” gold discoveries across the four projects held by its Egypt subsidiary Akh…
The gov’t is making it harder for you to get that replacement engine for your tuk-tuk
Tuk-tuks be gone: Trade Minister Nevine Gamea has issued a decision to stop importing the basic components needed for the…
Sawiris likes Chilean copper
Sawiris’ Altus to take a stake in Chilean copper mine: Naguib Sawiris-backed mining firm Altus Strategies has completed the first…
Mercedes-Benz Egypt appoints new CEO
Mercedes-Benz Egypt gets a new CEO: Gerd Bitterlich (LinkedIn) has been appointed CEO of Mercedes-Benz Egypt effective 1 July 2021,…
Altus’ Akh Gold could invest USD 200 mn if it strikes gold in Egypt
Altus Strategies could invest as much as USD 200 mn in Egypt if it makes a commercially viable discovery in…
Also on our radar on 11 March 2021
Hilton Hotels will open nine new properties in Egypt in the coming five years, adding another 1.7k rooms to its…
Akh Gold snags exploration licenses for 9 Eastern Desert blocks
Sawiris-backed Altus Strategies subsidiary Akh Gold has landed four gold exploration licenses for nine blocks in the Eastern Desert from…
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