{"id":559968,"date":"2021-02-10T03:50:28","date_gmt":"2021-02-10T03:50:28","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/10\/akh-gold-snags-exploration-licenses-for-9-eastern-desert-blocks\/"},"modified":"2021-02-10T03:50:28","modified_gmt":"2021-02-10T03:50:28","slug":"akh-gold-snags-exploration-licenses-for-9-eastern-desert-blocks","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/10\/akh-gold-snags-exploration-licenses-for-9-eastern-desert-blocks\/","title":{"rendered":"Akh Gold snags exploration licenses for 9 Eastern Desert blocks"},"content":{"rendered":"

<\/a> Sawiris-backed <\/strong>Altus Strategies<\/a><\/strong> subsidiary Akh Gold has landed four gold exploration licenses<\/strong> for nine blocks in the Eastern Desert from the Egyptian Mineral Resources Authority, the company announced<\/a> in a statement yesterday. Altus Strategies had said last month<\/a> that it expected to be awarded licenses for the blocks shortly, after being one of 11 companies to land exploration rights<\/a> to 82 concession blocks in the Eastern Desert in a tender launched last March<\/a>. Canada\u2019s Lotus Gold, Egypt\u2019s Ebdaa Gold, and the Mining and Manufacturing Company (MEDAF) signed contracts<\/a> for licenses to mine 11 blocks in the Eastern Desert last month.<\/p>\n

Background:<\/strong> Altus Strategies expanded its activities in Egypt after amendments to the Mineral Resources Act offering investors more attractive terms<\/a> were approved in 2019, and following the acquisition by Egyptian-owned La Mancha<\/a> of a 35% stake in Altus in February 2020. Oil Minister Tarek El Molla had announced that Egypt would issue a new gold exploration tender<\/a> every four months.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 being one of 11 companies […]<\/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":[1945,1988,72,7093,3689,3677,373,195],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-559968","post","type-post","status-publish","format-standard","hentry","category-mining","tag-akh-gold","tag-altus-strategies","tag-enterpriseam","tag-gold","tag-la-mancha","tag-medaf","tag-mining","tag-tarek-el-molla","wpautop","entry"],"acf":{"mongo_id":"9749041e-f303-49d6-a7ef-4167d3c68224","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[559956],"teaser":"","voice_url":""},"yoast_head":"\nAkh Gold snags exploration licenses for 9 Eastern Desert blocks - 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\/02\/10\/akh-gold-snags-exploration-licenses-for-9-eastern-desert-blocks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Akh Gold snags exploration licenses for 9 Eastern Desert blocks\" \/>\n<meta property=\"og:description\" content=\"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 being one of 11 companies […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/10\/akh-gold-snags-exploration-licenses-for-9-eastern-desert-blocks\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-10T03:50:28+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\/02\/10\/akh-gold-snags-exploration-licenses-for-9-eastern-desert-blocks\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/10\/akh-gold-snags-exploration-licenses-for-9-eastern-desert-blocks\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Akh Gold snags exploration licenses for 9 Eastern Desert blocks\",\"datePublished\":\"2021-02-10T03:50:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/10\/akh-gold-snags-exploration-licenses-for-9-eastern-desert-blocks\/\"},\"wordCount\":165,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"AKH Gold\",\"Altus Strategies\",\"EnterpriseAM\",\"gold\",\"La Mancha\",\"MEDAF\",\"mining\",\"Tarek El Molla\"],\"articleSection\":[\"Mining\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/10\/akh-gold-snags-exploration-licenses-for-9-eastern-desert-blocks\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/10\/akh-gold-snags-exploration-licenses-for-9-eastern-desert-blocks\/\",\"name\":\"Akh Gold snags exploration licenses for 9 Eastern Desert blocks - 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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":559568,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/26\/of-gold-exploration-and-taking-advantage-of-turkey-on-citrus-exports\/","url_meta":{"origin":559968,"position":3},"title":"Of gold exploration and taking advantage of Turkey on citrus exports","author":"enterpriseam admin","date":"26 January 2021","format":false,"excerpt":"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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