{"id":559484,"date":"2021-01-24T03:39:05","date_gmt":"2021-01-24T03:39:05","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/24\/three-more-companies-get-a-hold-of-mining-contracts\/"},"modified":"2021-01-24T03:39:05","modified_gmt":"2021-01-24T03:39:05","slug":"three-more-companies-get-a-hold-of-mining-contracts","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/24\/three-more-companies-get-a-hold-of-mining-contracts\/","title":{"rendered":"Three more companies get a hold of mining contracts"},"content":{"rendered":"

<\/a> Three mining companies have signed five new gold exploration contracts worth a <\/strong>combined USD 13 mn with the Oil Ministry<\/strong>, according to a cabinet statement<\/a>. The contracts include a USD 9 mn agreement signed with Canada\u2019s Lotus Gold<\/a> for the rights to explore 11 blocks, while Mining and Manufacturing Company (MEDAF) received the rights to explore one block in a USD 3 mn contract. Egypt\u2019s Ebdaa for Gold<\/a> also signed a USD 1 mn contract for the rights to explore one block.<\/p>\n

Eleven mining companies were awarded 82 exploration blocks under the <\/strong>results of a<\/a><\/strong>tender<\/a><\/strong> last year<\/strong>. The blocks were distributed among seven foreign firms and four local companies, which will invest around USD 60 mn in the exploration phase. Amendments to the Mineral Resources Act<\/a> offering investors more attractive terms<\/a> were approved last year. Molla had announced that Egypt would issue a new gold exploration tender<\/a> every four months.<\/p>\n","protected":false},"excerpt":{"rendered":"

Three mining companies have signed five new gold exploration contracts worth a combined USD 13 mn with the Oil Ministry, according to a cabinet statement. The contracts include a USD 9 mn agreement signed with Canada\u2019s Lotus Gold for the rights to explore 11 blocks, while Mining and Manufacturing Company (MEDAF) received the rights to […]<\/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":[7305],"tags":[317,72,7093,3677,373,371],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-559484","post","type-post","status-publish","format-standard","hentry","category-commodities","tag-commodities","tag-enterpriseam","tag-gold","tag-medaf","tag-mining","tag-oil-ministry","wpautop","entry"],"acf":{"mongo_id":"eb4b0133-b988-4f7f-8c99-1bca7292f39b","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[559472],"teaser":"","voice_url":""},"yoast_head":"\nThree more companies get a hold of mining contracts - 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\/2021\/01\/24\/three-more-companies-get-a-hold-of-mining-contracts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Three more companies get a hold of mining contracts\" \/>\n<meta property=\"og:description\" content=\"Three mining companies have signed five new gold exploration contracts worth a combined USD 13 mn with the Oil Ministry, according to a cabinet statement. The contracts include a USD 9 mn agreement signed with Canada\u2019s Lotus Gold for the rights to explore 11 blocks, while Mining and Manufacturing Company (MEDAF) received the rights to […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/24\/three-more-companies-get-a-hold-of-mining-contracts\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-24T03:39:05+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\/2021\/01\/24\/three-more-companies-get-a-hold-of-mining-contracts\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/24\/three-more-companies-get-a-hold-of-mining-contracts\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Three more companies get a hold of mining contracts\",\"datePublished\":\"2021-01-24T03:39:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/24\/three-more-companies-get-a-hold-of-mining-contracts\/\"},\"wordCount\":155,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"commodities\",\"EnterpriseAM\",\"gold\",\"MEDAF\",\"mining\",\"Oil Ministry\"],\"articleSection\":[\"Commodities\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/24\/three-more-companies-get-a-hold-of-mining-contracts\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/24\/three-more-companies-get-a-hold-of-mining-contracts\/\",\"name\":\"Three more companies get a hold of mining contracts - 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According to the terms of the agreement, Barrick will search for and mine gold\u2026","rel":"","context":"In "SPEED ROUND: NATURAL RESOURCES"","block_context":{"text":"SPEED ROUND: NATURAL RESOURCES","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-natural-resources\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/473.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":560192,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/18\/signed-sealed-and-delivered\/","url_meta":{"origin":559484,"position":1},"title":"Signed, sealed, and delivered","author":"enterpriseam admin","date":"18 February 2021","format":false,"excerpt":"Another four mining companies signed yesterday 10 new gold exploration contracts worth a combined USD 11 mn with the Oil Ministry, after being awarded concessions in the Eastern Desert in a tender issued last year, according to a ministry statement. Yesterday\u2019s contracts bring the grand total to 15, after the\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\/2021\/2\/272.jpg?fit=%2C&ssl=1&resize=350%2C200","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":559484,"position":2},"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? B2Gold was granted the rights for six gold exploration blocks under a USD 8\u2026","rel":"","context":"In "SPEED ROUND: MINING"","block_context":{"text":"SPEED ROUND: MINING","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-mining\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/388.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":563657,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/12\/two-new-gold-exploration-contracts-set-to-be-signed\/","url_meta":{"origin":559484,"position":3},"title":"Two new gold exploration contracts set to be signed","author":"enterpriseam admin","date":"12 July 2021","format":false,"excerpt":"The government is set to sign two gold exploration contracts with two companies, Al Mal reported yesterday afternoon, citing an anonymous senior official. The companies are expected to be from a list of three including Canadian miner Barrick Gold, B2Gold and Australian gold miner and Sukkari operator Centamin.The contracts were\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\/2021\/7\/172.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":576362,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/22\/11-companies-awarded-82-gold-exploration-blocks-in-govt-tender\/","url_meta":{"origin":559484,"position":4},"title":"11 companies awarded 82 gold exploration blocks in gov\u2019t tender","author":"enterpriseam admin","date":"22 November 2020","format":false,"excerpt":"The results of Egypt\u2019s latest gold + mineral exploration auction are here: Eleven mining companies have been awarded 82 gold exploration blocks in the Eastern Desert under an Oil Ministry tender launched earlier this year, Minister Tarek El Molla said in a statement on Thursday. The winners include seven foreign\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/11\/224.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546695,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/25\/four-miners-land-licenses-to-prospect-for-gold\/","url_meta":{"origin":559484,"position":5},"title":"Four miners land licenses to prospect for gold","author":"enterpriseam admin","date":"25 May 2022","format":false,"excerpt":"Four miners have landed licenses to explore for gold in the Eastern Desert in the Madbouly government\u2019s latest tender, Dostor reported yesterday. 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