{"id":546695,"date":"2022-05-25T04:00:41","date_gmt":"2022-05-25T04:00:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/25\/four-miners-land-licenses-to-prospect-for-gold\/"},"modified":"2022-05-25T04:00:41","modified_gmt":"2022-05-25T04:00:41","slug":"four-miners-land-licenses-to-prospect-for-gold","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/25\/four-miners-land-licenses-to-prospect-for-gold\/","title":{"rendered":"Four miners land licenses to prospect for gold"},"content":{"rendered":"

<\/a> Four miners have landed licenses to explore for gold in the Eastern Desert <\/strong>in the Madbouly government\u2019s latest tender, Dostor<\/a> reported yesterday. They reportedly include Ankh Resources<\/a>, Sawiris-backed Akh Gold<\/a>, Canadian miner Lotus Gold<\/a>, and Marine Logistic.<\/p>\n

Lotus and Akh are familiar faces: <\/strong>Naguib Sawiris-backed Akh Gold signed contracts<\/a> for nine exploration concessions worth USD 4.1 mn in last year\u2019s tender of exploration rights, while Canada\u2019s Lotus snagged a USD 9 mn agreement<\/a> for 11 blocks.<\/p>\n

\u2026but <\/strong>Ankh Resources<\/a><\/strong> is a newcomer:<\/strong> Established last year in the UK, Ankh Resources won its first gold exploration license for one block \u2014 known as Dara \u2014 in the northeastern desert, Ankh Resources Managing Director Mostafa Talaat told Enterprise. The miner has committed a seven-figure USD investment to the block, the company\u2019s chairman, Hossam Allam, added. Ankh is ready to <\/strong>exploration <\/strong>as soon as the block is handed to them <\/strong>\u2014 likely in three or four months\u2019 time, Talaat said.<\/p>\n

Ankh looks to be gearing up to invest more aggressively: <\/strong>\u201cWe\u2019ll definitely be pushing more investments in the Egyptian market,\u201d Talaat said, adding that they hope to expand beyond Egypt at some point. The miner is primarily eyeing the Red Sea-adjacent Arabian-Nubian Shield, which is one of the \u201clast major under-explored frontiers for the global mining industry,\u201d Allam said.<\/p>\n

This is the government\u2019s second gold tender in as many years: <\/strong>Four mining companies signed 10 new gold exploration contracts with the Oil Ministry in February. Later in July, the government signed four gold exploration contracts<\/a> with Canadian miner B2Gold and Australian gold miner and Sukkari operator Centamin. Back in 2020, the Oil Ministry said<\/a> it would launch new gold exploration tenders every four months.<\/p>\n","protected":false},"excerpt":{"rendered":"

Four miners have landed licenses to explore for gold in the Eastern Desert in the Madbouly government\u2019s latest tender, Dostor reported yesterday. They reportedly include Ankh Resources, Sawiris-backed Akh Gold, Canadian miner Lotus Gold, and Marine Logistic. Lotus and Akh are familiar faces: Naguib Sawiris-backed Akh Gold signed contracts for nine exploration concessions worth USD […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8008],"tags":[1945,1946,72,1947,373],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-546695","post","type-post","status-publish","format-standard","hentry","category-mining","tag-akh-gold","tag-ankh-resources","tag-enterpriseam","tag-marine-logistic","tag-mining","wpautop","entry"],"acf":{"mongo_id":"a252ca57-a24f-4d0f-af8e-d794ead34107","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[546684],"teaser":"","voice_url":""},"yoast_head":"\nFour miners land licenses to prospect for gold - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/25\/four-miners-land-licenses-to-prospect-for-gold\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Four miners land licenses to prospect for gold\" \/>\n<meta property=\"og:description\" content=\"Four miners have landed licenses to explore for gold in the Eastern Desert in the Madbouly government\u2019s latest tender, Dostor reported yesterday. They reportedly include Ankh Resources, Sawiris-backed Akh Gold, Canadian miner Lotus Gold, and Marine Logistic. 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The company has mapped more than 100 hard artisanal gold workings with grades of up to 100g of gold per ton, it said,\u2026","rel":"","context":"In "Mining"","block_context":{"text":"Mining","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/mining\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/98.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546817,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/30\/rip-gold-tenders\/","url_meta":{"origin":546695,"position":1},"title":"RIP gold tenders?","author":"enterpriseam admin","date":"30 May 2022","format":false,"excerpt":"The Oil Ministry will not launch new tenders to explore for gold and will instead move to the direct awarding of concessions after low turnout for this year\u2019s bid round, Bloomberg Asharq reports, citing a ministry source. Fewer private firms bid in this year\u2019s tender than in the 2020 bid\u2026","rel":"","context":"In "Mining"","block_context":{"text":"Mining","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/mining\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/395.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547099,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/08\/shalateen-mining-to-launch-international-gold-tender-for-at-least-five-eastern-desert-concessions\/","url_meta":{"origin":546695,"position":2},"title":"Shalateen Mining to launch international gold tender for at least five Eastern Desert concessions","author":"enterpriseam admin","date":"8 June 2022","format":false,"excerpt":"Shalateen\u2019s gold areas up for grabs: State-owned Shalateen Mining Company plans to launch an international gold and minerals exploration auction for at least five areas in the Eastern Desert in the coming weeks, Bloomberg Asharq reported Monday, citing sources it says are in the know. The company has already sent\u2026","rel":"","context":"In "Mining"","block_context":{"text":"Mining","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/mining\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/195.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":559968,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/10\/akh-gold-snags-exploration-licenses-for-9-eastern-desert-blocks\/","url_meta":{"origin":546695,"position":3},"title":"Akh Gold snags exploration licenses for 9 Eastern Desert blocks","author":"enterpriseam admin","date":"10 February 2021","format":false,"excerpt":"Sawiris-backed Altus Strategies subsidiary Akh Gold has landed four gold exploration licenses for nine blocks in the Eastern Desert from the Egyptian Mineral Resources Authority, the company announced in a statement yesterday. Altus Strategies had said last month that it expected to be awarded licenses for the blocks shortly, after\u2026","rel":"","context":"In "Mining"","block_context":{"text":"Mining","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/mining\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":546936,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/02\/gold-tenders-still-on-the-table-after-emra-awards-exploration-licenses\/","url_meta":{"origin":546695,"position":4},"title":"Gold tenders still on the table after EMRA awards exploration licenses","author":"enterpriseam admin","date":"2 June 2022","format":false,"excerpt":"More details on the latest gold bid round: Egypt awarded eight gold and mineral exploration licenses in the Eastern Desert to four companies in its latest bid round, the Oil Ministry said in a statement yesterday. Canadian miner Lotus Gold won three blocks, the Sawiris-backed Akh Gold and Marine Logistics\u2026","rel":"","context":"In "Mining"","block_context":{"text":"Mining","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/mining\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":566756,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/12\/four-more-gold-licenses-signed-for-today\/","url_meta":{"origin":546695,"position":5},"title":"Four more gold licenses signed for today","author":"enterpriseam admin","date":"12 July 2021","format":false,"excerpt":"The government signed today four new gold exploration contracts with Canadian miner B2Gold and Australian gold miner and Sukkari operator Centamin, with investments exceeding USD 17 mn, the Oil Ministry said in a statement.Who gets what? 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