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La Mancha, Centamin, Barrick Gold among bidders in Egypt’s gold mining tender
La Mancha, Centamin, Barrick Gold among bidders in Egypt’s gold mining tender: Canadian mining firm Barrick Gold, Naguib Sawiris’ La…
Aton Resources to execute reverse stock split to finance Abu Marawat expansion
Egypt-focused Aton Resources will execute a reverse stock split sometime in mid-September to finance exploration at its Abu Marawat concession,…
Electricity generation capacity glut forces companies to think smaller on solar
Electricity generation capacity glut forces companies to think smaller on solar: Qalaa Holding’s TAQA Arabia will be focusing on small-scale…
Egypt targets 15.6 tonnes of gold production in FY2020-2021
Egypt is targeting the production of 15.6 tonnes of gold in the current fiscal year, the local press reports, citing…
Egypt discovers gold deposit in the Eastern Desert
A gold deposit estimated to hold over 1 mn ounces was discovered in the Eastern Desert’s Iqat region, the Oil…
Earnings watch: Centamin reports USD 172.9 mn in 2020 profits
EARNINGS WATCH- Gold miner Centamin reported a 13% y-o-y rise in profit after tax in 2019, which came in at…
10 companies have taken out condition booklets to bid for Egypt’s gold mining round
Gold miners aren’t spooked by the coronavirus: Ten mining companies have taken out condition booklets for Egypt’s ongoing international gold…
Egypt awards Aton three-year extension to explore Abu Marawat gold concession
The Egyptian Mineral Resources Authority (EMRA) and Oil Ministry have agreed to grant Aton a three-year extension for its exploration…
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