{"id":561401,"date":"2021-04-06T04:00:43","date_gmt":"2021-04-06T04:00:43","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/06\/sawiris-gearing-up-to-bid-for-gold-exploration-blocks-in-egypt\/"},"modified":"2021-04-06T04:00:43","modified_gmt":"2021-04-06T04:00:43","slug":"sawiris-gearing-up-to-bid-for-gold-exploration-blocks-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/06\/sawiris-gearing-up-to-bid-for-gold-exploration-blocks-in-egypt\/","title":{"rendered":"Sawiris gearing up to bid for gold exploration blocks in Egypt"},"content":{"rendered":"

<\/a> Naguib Sawiris is planning to take part in Egypt's ongoing gold exploration t<\/strong>ender<\/strong>, the bn\u2019aire said at a conference yesterday, the local press<\/a> reports. Sawiris\u2019 La Mancha Holding is the largest shareholder in Toronto-based Endeavour Mining<\/a>, and also holds an almost 35% stake<\/a> in Altus strategies, whose subsidiary Akh Gold landed four gold exploration licenses<\/a> for nine Eastern Desert Blocks in a tender launched last year<\/a>. La Mancha\u2019s Endeavour was not among the companies the ministry said were awarded blocks, despite having reportedly made a bid<\/a>.<\/p>\n

Naguib has had his eye on gold mining in Egypt for some time now:<\/strong> Sawiris had expressed his interest<\/a> in the government\u2019s international gold mining tenders and said recent amendments to the Mineral Resources Act were \u201cmore favorable and more realistic and would attract foreign investments to the sector.\u201d<\/p>\n

He\u2019ll have another two months to get a bid together:<\/strong> The deadline to submit bids in the ongoing round was recently extended<\/a> to 15 May, after having originally been planned for 15 March.<\/p>\n

Sawiris has been making moves elsewhere on the continent:<\/strong> Endeavour in February finalized the takeover of<\/a> Senegal and Burkina Faso-focused Teranga Gold for almost USD 1.9 bn<\/a> \u2014 an acquisition that created one of West Africa\u2019s 10 largest gold producers.<\/p>\n","protected":false},"excerpt":{"rendered":"

Naguib Sawiris is planning to take part in Egypt's ongoing gold exploration tender, the bn\u2019aire said at a conference yesterday, the local press reports. Sawiris\u2019 La Mancha Holding is the largest shareholder in Toronto-based Endeavour Mining, and also holds an almost 35% stake in Altus strategies, whose subsidiary Akh Gold landed four gold exploration licenses […]<\/p>\n","protected":false},"author":1,"featured_media":561402,"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":[72,3689,373,2065,371],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-561401","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mining","tag-enterpriseam","tag-la-mancha","tag-mining","tag-naguib-sawiris","tag-oil-ministry","wpautop","entry"],"acf":{"mongo_id":"005b4fd8-7735-4ebe-a93a-e0b9ca0bdfe3","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/4\/50.jpg","photo_position":"above","related_issue":[561391],"teaser":"","voice_url":""},"yoast_head":"\nSawiris gearing up to bid for gold exploration blocks in Egypt - 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\/04\/06\/sawiris-gearing-up-to-bid-for-gold-exploration-blocks-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sawiris gearing up to bid for gold exploration blocks in Egypt\" \/>\n<meta property=\"og:description\" content=\"Naguib Sawiris is planning to take part in Egypt's ongoing gold exploration tender, the bn\u2019aire said at a conference yesterday, the local press reports. Sawiris\u2019 La Mancha Holding is the largest shareholder in Toronto-based Endeavour Mining, and also holds an almost 35% stake in Altus strategies, whose subsidiary Akh Gold landed four gold exploration licenses […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/06\/sawiris-gearing-up-to-bid-for-gold-exploration-blocks-in-egypt\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-06T04:00:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/50.jpg?fit=%2C&ssl=1\" \/>\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\/04\/06\/sawiris-gearing-up-to-bid-for-gold-exploration-blocks-in-egypt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/06\/sawiris-gearing-up-to-bid-for-gold-exploration-blocks-in-egypt\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Sawiris gearing up to bid for gold exploration blocks in Egypt\",\"datePublished\":\"2021-04-06T04:00:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/06\/sawiris-gearing-up-to-bid-for-gold-exploration-blocks-in-egypt\/\"},\"wordCount\":220,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/06\/sawiris-gearing-up-to-bid-for-gold-exploration-blocks-in-egypt\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/50.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"La Mancha\",\"mining\",\"Naguib Sawiris\",\"Oil Ministry\"],\"articleSection\":[\"Mining\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/06\/sawiris-gearing-up-to-bid-for-gold-exploration-blocks-in-egypt\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/06\/sawiris-gearing-up-to-bid-for-gold-exploration-blocks-in-egypt\/\",\"name\":\"Sawiris gearing up to bid for gold exploration blocks in Egypt - 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Sawiris and other family members have \u201clarge stake\u201d in\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":635353,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/03\/sawiris-planning-gold-mining-investment-vehicle\/","url_meta":{"origin":561401,"position":1},"title":"Sawiris planning gold mining investment vehicle","author":"enterpriseam admin","date":"3 December 2017","format":false,"excerpt":"Naguib Sawiris plans to launch a new investment vehicle to acquire gold mining assets across the world, the Financial Times reports. The new company will fall under Sawiris\u2019 La Mancha Group, which holds majority stakes in Canadian mining firm Endeavor and Australia\u2019s Evolution Mining. The move comes as listed gold\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\/internal\/536550.png?resize=350%2C200&ssl=1","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":561401,"position":2},"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":622221,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/29\/wood-mackenzie-says-four-challenges-are-facing-egypts-mining-sector\/","url_meta":{"origin":561401,"position":3},"title":"Wood Mackenzie says four challenges are facing Egypt\u2019s mining sector","author":"enterpriseam admin","date":"29 November 2018","format":false,"excerpt":"Wood Mackenzie says four challenges are facing Egypt\u2019s mining sector: Egypt\u2019s mining sector faces four challenges, according to Ricardo Monte Alto, head of Metals and Mining Americas at Wood Mackenzie, which was hired to lay out a development strategy for Egypt\u2019s mining sector. These include oil and gas-style production sharing\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\/1\/627.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":652648,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/16\/endeavour-mining-studies-merger-with-acacia-mining\/","url_meta":{"origin":561401,"position":4},"title":"Endeavour Mining studies merger with Acacia Mining","author":"enterpriseam admin","date":"16 January 2017","format":false,"excerpt":"M&A watch: Naguib likes mining now. The Naguib Sawiris-backed Endeavour Mining Corporation is studying a merger with Acacia Mining that would create a company with a combined market value of USD 3.8 bn, making up one of the largest precious metal-mining groups in Africa, Bloomberg reports. \u201cAcacia confirms that it\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569283,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/19\/sawiris-in-talks-with-govt-to-possibly-tap-into-gold-mining\/","url_meta":{"origin":561401,"position":5},"title":"Sawiris in talks with gov\u2019t to possibly tap into gold mining","author":"enterpriseam admin","date":"19 February 2020","format":false,"excerpt":"With amended Mineral Resources exec regs and a new tender on the way, Naguib looks set to get in on mining in Egypt: Naguib Sawiris is currently in talks with the government to participate in the upcoming international gold exploration and mining tender and is \u201cwilling to participate in any\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\/2\/253.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\/561401","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=561401"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/561401\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/561391"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/561402"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=561401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=561401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=561401"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=561401"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=561401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}