{"id":559568,"date":"2021-01-26T03:59:54","date_gmt":"2021-01-26T03:59:54","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/26\/of-gold-exploration-and-taking-advantage-of-turkey-on-citrus-exports\/"},"modified":"2021-01-26T03:59:54","modified_gmt":"2021-01-26T03:59:54","slug":"of-gold-exploration-and-taking-advantage-of-turkey-on-citrus-exports","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/26\/of-gold-exploration-and-taking-advantage-of-turkey-on-citrus-exports\/","title":{"rendered":"Of gold exploration and taking advantage of Turkey on citrus exports"},"content":{"rendered":"

<\/a> Altus Strategies<\/a><\/strong> subsidiary Akh Gold<\/strong> expects to land an unspecified number<\/strong> of<\/strong> gold exploration licenses in the Eastern Desert<\/strong> from the Egyptian Mineral Resources Authority, according to a company statement<\/a>. The UK-based mining firm was one of 11 companies to land exploration rights<\/a> to 82 concession blocks in the Eastern Desert in a tender launched last March<\/a>.<\/p>\n

Mineral Resources Act, La Mancha\u2019s investments bolstered Altus\u2019 position on Egypt:<\/strong> \u201cOur decision to expand our activities into Egypt follows the strategic investment by Egyptian-owned La Mancha<\/a>, which acquired a 35% interest in Altus in February 2020, and follows favourable amendments to the Egyptian Mineral Resources Act,\u201d said Altus Chief Executive Steve Poulton. The amendments<\/a> offering investors more attractive terms<\/a> were approved in 2019, and Oil Minister Tarek El Molla had announced that Egypt would issue a new gold exploration tender<\/a> every four months.<\/p>\n

A busy week for mining:<\/strong> The government announced<\/a> earlier this week that it had signed contracts worth USD 13 bn with Canada\u2019s Lotus Gold<\/a>, Mining and Manufacturing Company (MEDAF), and Egypt\u2019s Ebdaa for Gold as part of the results of the same tender.<\/p>\n

OTHER COMMODITIES NEWS-<\/strong><\/p>\n

An expected dip in Spain and Turkey\u2019s capacity for citrus exports has created a<\/strong> gap Egypt is primed to fill<\/strong> in Far East markets, including India, and more European countries, Gehan El Sheref, a specialist for Egyptian agriculture exporter El Rawan, tells FreshPlaza<\/a>. Spain and Turkey, two of Egypt\u2019s major competitors in the citrus industry, are grappling with lockdowns, bad weather, and decreased volumes, while demand for the produce hasn\u2019t wavered during the pandemic, El Sheref says. While movement in Western Europe and China was a bit slower, overall demand from markets such as in Russia and Gulf countries increased compared to 2019. Egypt exported around 60k tonnes of citrus last year and the number is expected to increase by 10% for the upcoming season, she added.<\/p>\n","protected":false},"excerpt":{"rendered":"

Altus Strategies subsidiary Akh Gold expects to land an unspecified number of gold exploration licenses in the Eastern Desert from the Egyptian Mineral Resources Authority, according to a company statement. The UK-based mining firm was one of 11 companies to land exploration rights to 82 concession blocks in the Eastern Desert in a tender launched […]<\/p>\n","protected":false},"author":1,"featured_media":559569,"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":[1945,1988,317,372,2121,72,3689,3688,373,371,195],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-559568","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commodities","tag-akh-gold","tag-altus-strategies","tag-commodities","tag-eastern-desert","tag-egyptian-mineral-resources-authority","tag-enterpriseam","tag-la-mancha","tag-mineral-resources-act","tag-mining","tag-oil-ministry","tag-tarek-el-molla","wpautop","entry"],"acf":{"mongo_id":"95828185-6498-41a9-b3fe-72d02d83c77d","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/1\/327.jpg","photo_position":"above","related_issue":[559558],"teaser":"","voice_url":""},"yoast_head":"\nOf gold exploration and taking advantage of Turkey on citrus exports - 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\/26\/of-gold-exploration-and-taking-advantage-of-turkey-on-citrus-exports\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Of gold exploration and taking advantage of Turkey on citrus exports\" \/>\n<meta property=\"og:description\" content=\"Altus Strategies subsidiary Akh Gold expects to land an unspecified number of gold exploration licenses in the Eastern Desert from the Egyptian Mineral Resources Authority, according to a company statement. 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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":561871,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/25\/altus-akh-gold-could-invest-usd-200-mn-if-it-strikes-gold-in-egypt\/","url_meta":{"origin":559568,"position":1},"title":"Altus\u2019 Akh Gold could invest USD 200 mn if it strikes gold in Egypt","author":"enterpriseam admin","date":"25 April 2021","format":false,"excerpt":"Altus Strategies could invest as much as USD 200 mn in Egypt if it makes a commercially viable discovery in its new gold exploration concessions, Reuters reports. Akh Gold, a subsidiary of the Naguib Sawiris-backed company, landed four exploration licenses for nine blocks in the Eastern Desert in February and\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/250.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546899,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/01\/altus-strikes-gold\/","url_meta":{"origin":559568,"position":2},"title":"Altus strikes gold","author":"enterpriseam admin","date":"1 June 2022","format":false,"excerpt":"Sawiris-backed Altus Strategies has made multiple \u201chigh grade\u201d gold discoveries across the four projects held by its Egypt subsidiary Akh Gold, it said in a statement yesterday. 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":566876,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/26\/sawiris-la-mancha-transforms-into-mining-fund\/","url_meta":{"origin":559568,"position":3},"title":"Sawiris\u2019 La Mancha transforms into mining fund","author":"enterpriseam admin","date":"26 July 2021","format":false,"excerpt":"Sawiris-run La Mancha is transforming itself into a USD 1.4 bn mining fund that includes all of La Mancha\u2019s current gold mining assets as well as a USD 100 mn contribution from an unnamed strategic investor, the firm said in a press release (pdf). The announcement came as La Mancha\u2026","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/460.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":558834,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/29\/sawiris-likes-chilean-copper\/","url_meta":{"origin":559568,"position":4},"title":"Sawiris likes Chilean copper","author":"enterpriseam admin","date":"29 August 2021","format":false,"excerpt":"Sawiris\u2019 Altus to take a stake in Chilean copper mine: Naguib Sawiris-backed mining firm Altus Strategies has completed the first close on an agreement that would see it take a 0.42% stake in the net smelter return royalty of Chile\u2019s Caserones Copper Mine, the company said in a statement today.\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\/8\/288.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":613667,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/18\/tc-garments-looks-to-sell-up-to-25-of-the-company-to-foreign-investors-plus-tanmeyah-micro-ins-cib-housing-initiative-aton-gold-exploration-lease-cabinet-news-new-development-bank\/","url_meta":{"origin":559568,"position":5},"title":"T&C Garments looks to sell up to 25% of the company to foreign investors. PLUS: Tanmeyah micro ins., CIB housing initiative, Aton gold exploration lease, cabinet news, New Development Bank","author":"enterpriseam admin","date":"18 January 2024","format":false,"excerpt":"T&C wants to offer the shares in 2H 2024","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1542.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/559568","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=559568"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/559568\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/559558"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/559569"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=559568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=559568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=559568"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=559568"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=559568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}