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Two new gold exploration contracts set to be signed
The government is set to sign two gold exploration contracts with two companies, Al Mal reported yesterday afternoon, citing an…
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…
Centamin profits up 82% in 2020 despite lower production
The EGX30 fell 2.5% at today’s close on turnover of EGP 936 mn (36.4% below the 90-day average). Foreign investors…
What the markets are doing on 14 March 2021
Volatility in US tech stocks has been on overdrive, with the Nasdaq moving at least 1% up or down during…
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…
Sherif Sousa tapped as Aton's new Egypt country manager
MOVES- Egypt-focused gold miner Aton Resources has appointed Sherif Sousa as its new Egypt country manager, the company said in…
Three more companies get a hold of mining contracts
Three mining companies have signed five new gold exploration contracts worth a combined USD 13 mn with the Oil Ministry,…
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