{"id":590282,"date":"2023-07-17T00:00:00","date_gmt":"2023-07-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/17\/centamin-barrick-to-ink-seven-gold-exploration-licenses\/"},"modified":"2023-07-17T00:00:00","modified_gmt":"2023-07-17T00:00:00","slug":"centamin-barrick-to-ink-seven-gold-exploration-licenses","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/17\/centamin-barrick-to-ink-seven-gold-exploration-licenses\/","title":{"rendered":"Centamin, Barrick to ink seven gold exploration licenses"},"content":{"rendered":"

<\/span>Seven gold exploration licenses up for grabs: <\/span>The Oil Ministry will this week award <\/span>seven gold exploration licenses to LSE-listed gold miner Centamin and Canadian firm Barrick Gold, <\/span>Asharq Business<\/a><\/span> reported yesterday, citing a government source. This comes following months of negotiations between the sides. <\/span><\/p>\n

Gov\u2019t to retain 50% of income: <\/span>Under the agreements, the Madbouly government will receive <\/span>50% of the net income from any commercial discoveries, according to the news outlet.<\/span><\/p>\n

Neither firm is a stranger to Egypt:<\/span> Centamin operates the country\u2019s largest gold mine \u2014 the <\/span>Sukkari mine in the Eastern Desert \u2014 and Barrick entered the country in 2021 after winning <\/span>USD 8.8 mn-worth of exploration contracts<\/a><\/span> to search for and mine gold in the Eastern Desert. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The government will receive 50% of the profits from any commercial discoveries<\/p>\n","protected":false},"author":1,"featured_media":590283,"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":[3445,2569,72,373,371],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-590282","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mining","tag-barrick-gold","tag-centamin","tag-enterpriseam","tag-mining","tag-oil-ministry","wpautop","entry"],"acf":{"mongo_id":"563fc132-fa06-4f28-aab5-87dbce723929","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/7\/635.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Centamin, Barrick to bag new gold exploration licenses in Egypt","related_issue":[590270],"teaser":"The government will receive 50% of the profits from any commercial discoveries","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/7\/.d5f88502-7d07-456e-af31-f42c0413b779.mp3"},"yoast_head":"\nCentamin, Barrick to ink seven gold exploration licenses - 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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":[]},{"id":566901,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/27\/canadas-barrick-inks-four-gold-exploration-contracts\/","url_meta":{"origin":590282,"position":2},"title":"Canada\u2019s Barrick inks four gold exploration contracts","author":"enterpriseam admin","date":"27 July 2021","format":false,"excerpt":"Canadian miner Barrick Gold has inked four gold exploration contracts with a combined USD 8.8 mn with the Oil Ministry, according to a ministry statement, which said this is the Toronto-listed miner\u2019s first investment in Egypt. 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":574875,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/24\/a-blockbuster-gold-discovery-may-have-killed-sawiris-chances-of-nabbing-shalateen-mining\/","url_meta":{"origin":590282,"position":3},"title":"A blockbuster gold discovery may have killed Sawiris\u2019 chances of nabbing Shalateen Mining","author":"enterpriseam admin","date":"24 September 2020","format":false,"excerpt":"A blockbuster gold discovery may have killed Sawiris\u2019 chances of acquiring Shalateen Mining: Naguib Sawiris\u2019 interest in a majority stake in state-owned Shalateen Mining have reportedly hit a roadblock after the company made a blockbuster gold discovery in the Eastern Desert. Oil Ministry sources told Cairo24 that some of Shalateen\u2019s\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":563657,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/12\/two-new-gold-exploration-contracts-set-to-be-signed\/","url_meta":{"origin":590282,"position":4},"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":575875,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/02\/winners-of-gold-mining-tender-to-be-announced-in-november\/","url_meta":{"origin":590282,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/590282","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=590282"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/590282\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/590270"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/590283"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=590282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=590282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=590282"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=590282"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=590282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}