{"id":546936,"date":"2022-06-02T04:00:16","date_gmt":"2022-06-02T04:00:16","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/02\/gold-tenders-still-on-the-table-after-emra-awards-exploration-licenses\/"},"modified":"2022-06-02T04:00:16","modified_gmt":"2022-06-02T04:00:16","slug":"gold-tenders-still-on-the-table-after-emra-awards-exploration-licenses","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/02\/gold-tenders-still-on-the-table-after-emra-awards-exploration-licenses\/","title":{"rendered":"Gold tenders still on the table after EMRA awards exploration licenses"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>More details on the latest gold bid round:<\/strong> 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 href=\"https:\/\/bit.ly\/3GHmksn\">a statement<\/a> yesterday. Canadian miner <a href=\"http:\/\/lotusgold.ca\/\">Lotus Gold<\/a> won three blocks, the Sawiris-backed <a href=\"https:\/\/akhgold.com\/\">Akh Gold<\/a> and Marine Logistics both got two blocks, and <a href=\"http:\/\/ankhresources.com\/\">Ankh Resources<\/a> received one block, the Egyptian Mineral Resources Authority (EMRA) <a href=\"http:\/\/emra.gov.eg\/UI\/Lang1\/TDIDataShow.aspx?ID=8380\">said<\/a> last week.<\/p>\n<p><strong>The second bid round has been \u201csuccessful in attracting new investments despite rapid global challenges<\/strong> [triggered by] the covid-19 pandemic and the Russian-Ukrainian crisis,\u201d according to the statement.<\/p>\n<p><strong>Gold tenders are still on the table: <\/strong>The dates of a new auction are set to be announced today, an unnamed EMRA official told <a href=\"https:\/\/www.reuters.com\/world\/africa\/egypt-awards-eight-gold-metal-mining-exploration-licences-2022-06-01\/\">Reuters<\/a>. \u201cCompanies that did not win in the concession areas in the last auction can apply again in the new auction,\u201d which reportedly would have dates announced today, according to the official. A report in Bloomberg Asharq claimed this week that the government was <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b5813334-46a1-4081-a722-286d52cca8ca\">considering scrapping bid rounds<\/a> in favor of direct negotiations following low turnout in the recent tender.<\/p>\n<p><strong>The turnout wasn\u2019t actually that low:<\/strong> Between 13 and 15 companies submitted bids in the tender, according to officials from companies that participated.<\/p>\n<p><strong>Then why did EMRA only hand out eight licenses?<\/strong> The numbers are down markedly from the first bid round in 2020, when 82 gold exploration blocks were distributed among 11 companies. \u201cIt seems odd that you wouldn't take the money and run,\u201d Mark Campbell, chairman of Akh Gold, told the newswire. \u201cAll you want is for people to come spend money and explore for minerals. You need to be exploring, exploring, exploring.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 both got two blocks, and [&hellip;]<\/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":[72,7093,373,371],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-546936","post","type-post","status-publish","format-standard","hentry","category-mining","tag-enterpriseam","tag-gold","tag-mining","tag-oil-ministry","wpautop","entry"],"acf":{"mongo_id":"83683fc2-59c0-4d69-9b47-15d7ef847dab","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[546924],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Gold tenders still on the table after EMRA awards exploration licenses - 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\/06\/02\/gold-tenders-still-on-the-table-after-emra-awards-exploration-licenses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold tenders still on the table after EMRA awards exploration licenses\" \/>\n<meta property=\"og:description\" content=\"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 both got two blocks, and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/02\/gold-tenders-still-on-the-table-after-emra-awards-exploration-licenses\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-02T04:00:16+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/02\/gold-tenders-still-on-the-table-after-emra-awards-exploration-licenses\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/02\/gold-tenders-still-on-the-table-after-emra-awards-exploration-licenses\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Gold tenders still on the table after EMRA awards exploration licenses\",\"datePublished\":\"2022-06-02T04:00:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/02\/gold-tenders-still-on-the-table-after-emra-awards-exploration-licenses\/\"},\"wordCount\":284,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"gold\",\"mining\",\"Oil Ministry\"],\"articleSection\":[\"Mining\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/02\/gold-tenders-still-on-the-table-after-emra-awards-exploration-licenses\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/02\/gold-tenders-still-on-the-table-after-emra-awards-exploration-licenses\/\",\"name\":\"Gold tenders still on the table after EMRA awards exploration licenses - 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Canadian miner Lotus Gold won three blocks, the Sawiris-backed Akh Gold and Marine Logistics both got two blocks, and [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/02\/gold-tenders-still-on-the-table-after-emra-awards-exploration-licenses\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2022-06-02T04:00:16+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/02\/gold-tenders-still-on-the-table-after-emra-awards-exploration-licenses\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/02\/gold-tenders-still-on-the-table-after-emra-awards-exploration-licenses\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Gold tenders still on the table after EMRA awards exploration licenses","datePublished":"2022-06-02T04:00:16+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/02\/gold-tenders-still-on-the-table-after-emra-awards-exploration-licenses\/"},"wordCount":284,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","gold","mining","Oil Ministry"],"articleSection":["Mining"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/02\/gold-tenders-still-on-the-table-after-emra-awards-exploration-licenses\/","url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/02\/gold-tenders-still-on-the-table-after-emra-awards-exploration-licenses\/","name":"Gold tenders still on the table after EMRA awards exploration licenses - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2022-06-02T04:00:16+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/02\/gold-tenders-still-on-the-table-after-emra-awards-exploration-licenses\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2022\/06\/02\/gold-tenders-still-on-the-table-after-emra-awards-exploration-licenses\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/02\/gold-tenders-still-on-the-table-after-emra-awards-exploration-licenses\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Gold tenders still on the table after EMRA awards exploration licenses"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":630347,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/emra-to-issue-new-eastern-desert-gold-exploration-tenders-before-the-end-of-2018\/","url_meta":{"origin":546936,"position":0},"title":"EMRA to issue new Eastern Desert gold exploration tenders before the end of 2018?","author":"enterpriseam admin","date":"18 April 2018","format":false,"excerpt":"Natural resources regulator to issue new Eastern Desert gold exploration tenders before the end of 2018? The Egyptian Mineral Resources Authority (EMRA) is reportedly planning to issue new gold exploration tenders for five blocks in the Eastern Desert before the end of the year, an unnamed EMRA official tells Youm7.\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":604469,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/04\/emra-to-hand-over-gold-exploration-concessions-after-mineral-resources-act-is-amended\/","url_meta":{"origin":546936,"position":1},"title":"EMRA to hand over gold exploration concessions after Mineral Resources Act is amended","author":"enterpriseam admin","date":"4 December 2018","format":false,"excerpt":"EMRA to hand over concessions from 2017 gold tender after Mineral Resources Act is amended: The Egyptian Mineral Resources Authority is holding off on handing over the five concessions awarded in its 2017 gold exploration tender until after the amendments to the Mineral Resources Act are finalized and passed, an\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572461,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/25\/emra-extends-intl-gold-and-mineral-exploration-bid-round-by-2-months\/","url_meta":{"origin":546936,"position":2},"title":"EMRA extends int\u2019l gold and mineral exploration bid round by 2 months","author":"enterpriseam admin","date":"25 June 2020","format":false,"excerpt":"EMRA extends int\u2019l gold and mineral exploration bid round by 2 months: The Egyptian General Authority for Mineral Resources (EMRA) will extend the year's first international gold and mineral exploration bid period by two months to 15 September because of the covid-19 pandemic, an Oil Ministry statement said on Wednesday.\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":651321,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/09\/emra-chiefs-response-to-critics-of-gold-tender-well-see-on-20-april\/","url_meta":{"origin":546936,"position":3},"title":"EMRA chief\u2019s response to critics of gold tender: we\u2019ll see on 20 April","author":"enterpriseam admin","date":"9 February 2017","format":false,"excerpt":"EMRA chief\u2019s response to critics of gold tender: We\u2019ll see on 20 April. Egyptian Mineral Resources Authority (EMRA) chief Omar Taima hit back at mounting criticism of EMRA\u2019s terms for gold exploration concessions, saying companies that participate in the bid round will be exempt from customs, income taxes and corporate\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574786,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/22\/la-mancha-centamin-barrick-gold-among-bidders-in-egypts-gold-mining-tender\/","url_meta":{"origin":546936,"position":4},"title":"La Mancha, Centamin, Barrick Gold among bidders in Egypt\u2019s gold mining tender","author":"enterpriseam admin","date":"22 September 2020","format":false,"excerpt":"La Mancha, Centamin, Barrick Gold among bidders in Egypt\u2019s gold mining tender: Canadian mining firm Barrick Gold, Naguib Sawiris\u2019 La Mancha, and Egypt-focused Centamin are among the companies that have submitted bids in the gold and mineral exploration tender, which closed last week, Al Mal reports. The Egyptian Mineral Resources\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/235.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":653000,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/24\/for-the-record-emra-has-withdrawn-exploration-licenses-from-companies-awarded-concession-areas-in-the-eastern-desert-from-2007-to-2009-last-june-and-was-looking-to-reissue-tenders-for-as-ma\/","url_meta":{"origin":546936,"position":5},"title":"\u2026 For the record, EMRA has withdrawn exploration licenses from companies awarded concession areas in the Eastern Desert from 2007 to 2009 last June and was looking to reissue tenders for as many as 120 \u201cabandoned\u201d gold mines. The licenses were withdrawn from the \u201csmaller companies\u201d as they were unable to meet production targets due to financial and operational challenges. Taima then said EMRA\u2019s move left only four active mining companies in Egypt. One of them is Matz Holding, which at the time, had already ceased operations on one of its two concession areas altogether and was forced by EMRA either to give up the rights to the other or find a new development partner for it. The other three active operators Taima mentioned at the time were: Centamin, Thani Stratex, and Aton Resources (then Alexander Nubia) \u2014 who all indicated they do not agree with the terms of EMRA\u2019s bid round.","author":"enterpriseam admin","date":"24 January 2017","format":false,"excerpt":"Dalia Khorshid is not happy with World Economic Forum (WEF)\u2019s Inclusive Growth and Development Index (IDI): WEF\u2019s IDI placed Egypt 73rd out of its sample of 79 countries and said, \u201cThe country struggles with many aspects of inclusive growth.\u201d The Investment Ministry responded, according to Al Mal, saying it ignored\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/546936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=546936"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/546936\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/546924"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=546936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=546936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=546936"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=546936"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=546936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}