{"id":576362,"date":"2020-11-22T04:14:56","date_gmt":"2020-11-22T04:14:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/22\/11-companies-awarded-82-gold-exploration-blocks-in-govt-tender\/"},"modified":"2020-11-22T04:14:56","modified_gmt":"2020-11-22T04:14:56","slug":"11-companies-awarded-82-gold-exploration-blocks-in-govt-tender","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/22\/11-companies-awarded-82-gold-exploration-blocks-in-govt-tender\/","title":{"rendered":"11 companies awarded 82 gold exploration blocks in gov\u2019t tender"},"content":{"rendered":"

<\/a> The results of Egypt\u2019s latest gold + mineral exploration auction are here:<\/strong> Eleven mining companies have been awarded 82 gold exploration blocks in the Eastern Desert under an Oil Ministry tender launched earlier this year<\/a>, Minister Tarek El Molla said in a statement<\/a> on Thursday. The winners include seven foreign firms: Canadian miners Barrick Gold<\/a>, Lotus Gold<\/a> and B2Gold<\/a>, British firms Red Sea Resources<\/a>, AKH Gold<\/a> and SRK<\/a>, and Australian gold miner and Sukkari operator Centamin<\/a>. Four local firms also won: Mining and Manufacturing Company (MEDAF), North Africa Mining and Petroleum Company (NAMC)<\/a>, Al-Abadi, and Ebdaa for Gold Mining<\/a>.<\/p>\n

The companies will collectively spend at least USD 60 mn during the early stages<\/strong>, El Molla said.<\/p>\n

Background:<\/strong> This is the first tender to be launched since amendments were made<\/a> to the Mineral Resources Act which offer investors more attractive terms<\/a>. The blocks have been awarded on two-year exploration licenses<\/a> that can be renewed either two or three times depending on the circumstances. El Molla said earlier this year<\/a> that a new gold exploration tender would be launched every four months, meaning that we could see a new tender in January.<\/p>\n

New bid round to explore for mineral ores and other associated minerals: <\/strong>A fresh bid round to explore for 10 types of mineral across 208 blocks in the Eastern Desert kicked off on Thursday and is expected to continue until March 2021, El Molla said. The ores include iron, phosphates and copper.<\/p>\n

INVESTMENT WATCH: Aton Resources will invest USD 7-8 mn in its Egypt operations <\/strong>during 2021<\/strong>, CEO of Egypt-focused miner Aton Resources Mark Campbell told Masrawy<\/a>. The company \u2014 which owns the Abu Marawat concession in the Eastern Desert \u2014 made a pass on the latest tender in favor of focusing on its existing exploration operations, he told us earlier this year<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 firms: Canadian miners Barrick Gold, […]<\/p>\n","protected":false},"author":1,"featured_media":576363,"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":[8572],"tags":[1945,4135,3445,2569,72,373,371,2380,6235,195],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-576362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-akh-gold","tag-b2gold","tag-barrick-gold","tag-centamin","tag-enterpriseam","tag-mining","tag-oil-ministry","tag-speed-round","tag-srk","tag-tarek-el-molla","wpautop","entry"],"acf":{"mongo_id":"72010319-5236-4436-851b-4b55455f42ff","is_powered_by":true,"section_story_id":"21258759-15a5-4f32-bd15-b6710a8f13f6","story_type":"1","photo_url":"https:\/\/ent.news\/2020\/11\/224.jpg","photo_position":"above","related_issue":[576352],"teaser":"","voice_url":""},"yoast_head":"\n11 companies awarded 82 gold exploration blocks in gov\u2019t tender - 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\/2020\/11\/22\/11-companies-awarded-82-gold-exploration-blocks-in-govt-tender\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"11 companies awarded 82 gold exploration blocks in gov\u2019t tender\" \/>\n<meta property=\"og:description\" content=\"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. 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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":563657,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/12\/two-new-gold-exploration-contracts-set-to-be-signed\/","url_meta":{"origin":576362,"position":1},"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":566756,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/12\/four-more-gold-licenses-signed-for-today\/","url_meta":{"origin":576362,"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":560192,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/18\/signed-sealed-and-delivered\/","url_meta":{"origin":576362,"position":3},"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":575875,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/02\/winners-of-gold-mining-tender-to-be-announced-in-november\/","url_meta":{"origin":576362,"position":4},"title":"Winners of gold mining tender to be announced in November","author":"enterpriseam admin","date":"2 November 2020","format":false,"excerpt":"The results of Egypt\u2019s latest gold and mineral exploration tender will be announced before the end of November, Al Mal reports, citing an unnamed government official. Canadian mining firm Barrick Gold, Naguib Sawiris\u2019 La Mancha, and Egypt-focused Centamin are among the companies that have submitted bids in the tender for\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\/33.jpg?fit=%2C&ssl=1&resize=350%2C200","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":576362,"position":5},"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 "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\/9\/235.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\/576362","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=576362"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/576362\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/576352"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/576363"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=576362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=576362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=576362"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=576362"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=576362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}