{"id":596822,"date":"2019-07-09T04:28:26","date_gmt":"2019-07-09T04:28:26","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/09\/egypt-targets-usd-700-mn-of-new-investments-in-mining-sector-by-2030\/"},"modified":"2019-07-09T04:28:26","modified_gmt":"2019-07-09T04:28:26","slug":"egypt-targets-usd-700-mn-of-new-investments-in-mining-sector-by-2030","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/09\/egypt-targets-usd-700-mn-of-new-investments-in-mining-sector-by-2030\/","title":{"rendered":"Egypt targets USD 700 mn of new investments in mining sector by 2030"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <b>The government wants to reel in USD 700 mn of new investments into the mining sector by 2030<\/b> and increase the sector\u2019s contribution to GDP to USD 7 bn, <a href=\"https:\/\/ent.news\/2019\/7\/2272.pdf\">the Oil Ministry said in a statement (pdf)<\/a>. The sector contributes 0.5% of GDP currently, the ministry said.<\/p>\n<p><b>The Mineral Resources Act amendments, which were <\/b><a href=\"https:\/\/enterprise.press\/stories\/2019\/07\/08\/house-nods-to-investment-act-law-allowing-foreigners-to-obtain-egyptian-passports\/\"><b>approved by parliament<\/b><\/a><b> earlier this week, will be key to attracting more investment.<\/b> The new amendments would introduce additional incentives for companies to invest in the mining sector. They would allow for the expansion of concession areas, granting a new authority the power to issue licenses for areas of unlimited size, and companies would be able to renew their licenses for more than one term. Separate contracts would be used for exploration and excavation areas, and royalties will be capped at 20% of the value of annual production. You can read more details about the amendments <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/11\/mineral-resources-act-amendments-set-for-parliamentary-approval-before-summer-recess\/\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government wants to reel in USD 700 mn of new investments into the mining sector by 2030 and increase the sector\u2019s contribution to GDP to USD 7 bn, the Oil Ministry said in a statement (pdf). The sector contributes 0.5% of GDP currently, the ministry said. The Mineral Resources Act amendments, which were approved [&hellip;]<\/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":[8572],"tags":[72,373,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-596822","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-mining","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"3f099a88-40b3-49d7-abab-03665422de24","is_powered_by":true,"section_story_id":"0b23dc63-bf8d-4eb2-baf2-ba12341e7598","story_type":"1","photo_url":"","photo_position":"above","related_issue":[596815],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt targets USD 700 mn of new investments in mining sector by 2030 - 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\/2019\/07\/09\/egypt-targets-usd-700-mn-of-new-investments-in-mining-sector-by-2030\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt targets USD 700 mn of new investments in mining sector by 2030\" \/>\n<meta property=\"og:description\" content=\"The government wants to reel in USD 700 mn of new investments into the mining sector by 2030 and increase the sector\u2019s contribution to GDP to USD 7 bn, the Oil Ministry said in a statement (pdf). The sector contributes 0.5% of GDP currently, the ministry said. The Mineral Resources Act amendments, which were approved [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/09\/egypt-targets-usd-700-mn-of-new-investments-in-mining-sector-by-2030\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-09T04:28:26+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\/2019\/07\/09\/egypt-targets-usd-700-mn-of-new-investments-in-mining-sector-by-2030\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/09\/egypt-targets-usd-700-mn-of-new-investments-in-mining-sector-by-2030\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt targets USD 700 mn of new investments in mining sector by 2030\",\"datePublished\":\"2019-07-09T04:28:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/09\/egypt-targets-usd-700-mn-of-new-investments-in-mining-sector-by-2030\/\"},\"wordCount\":158,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"mining\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/09\/egypt-targets-usd-700-mn-of-new-investments-in-mining-sector-by-2030\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/09\/egypt-targets-usd-700-mn-of-new-investments-in-mining-sector-by-2030\/\",\"name\":\"Egypt targets USD 700 mn of new investments in mining sector by 2030 - 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The sector contributes 0.5% of GDP currently, the ministry said. The Mineral Resources Act amendments, which were approved [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/09\/egypt-targets-usd-700-mn-of-new-investments-in-mining-sector-by-2030\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2019-07-09T04:28:26+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/09\/egypt-targets-usd-700-mn-of-new-investments-in-mining-sector-by-2030\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/09\/egypt-targets-usd-700-mn-of-new-investments-in-mining-sector-by-2030\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Egypt targets USD 700 mn of new investments in mining sector by 2030","datePublished":"2019-07-09T04:28:26+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/09\/egypt-targets-usd-700-mn-of-new-investments-in-mining-sector-by-2030\/"},"wordCount":158,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","mining","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/09\/egypt-targets-usd-700-mn-of-new-investments-in-mining-sector-by-2030\/","url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/09\/egypt-targets-usd-700-mn-of-new-investments-in-mining-sector-by-2030\/","name":"Egypt targets USD 700 mn of new investments in mining sector by 2030 - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2019-07-09T04:28:26+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/09\/egypt-targets-usd-700-mn-of-new-investments-in-mining-sector-by-2030\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2019\/07\/09\/egypt-targets-usd-700-mn-of-new-investments-in-mining-sector-by-2030\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/09\/egypt-targets-usd-700-mn-of-new-investments-in-mining-sector-by-2030\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Egypt targets USD 700 mn of new investments in mining sector by 2030"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":542731,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/13\/mining-cities-and-egypts-first-gold-refinery-coming-soon-el-molla\/","url_meta":{"origin":596822,"position":0},"title":"Mining \u201ccities\u201d and Egypt\u2019s first gold refinery coming soon -El Molla","author":"enterpriseam admin","date":"13 January 2022","format":false,"excerpt":"Egypt plans to develop industrial mining \u201ccities\u201d for the extraction of gold, copper, and phosphate, Bloomberg Asharq quoted Oil Minister Tarek El Molla as saying yesterday at the Future Minerals Forum in Riyadh. The zones would extract and process gold in the Eastern Desert, phosphates in the Western Desert, and\u2026","rel":"","context":"In &quot;Mining&quot;","block_context":{"text":"Mining","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/mining\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/154.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598878,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/11\/mineral-resources-act-amendments-set-for-parliamentary-approval-before-summer-recess\/","url_meta":{"origin":596822,"position":1},"title":"Mineral Resources Act amendments set for parliamentary approval before summer recess","author":"enterpriseam admin","date":"11 June 2019","format":false,"excerpt":"LEGISLATION WATCH- Mineral Resources Act amendments expected to receive House sign-off before the summer recess: The House of Representatives is expected to give its final approval on the amendments to the Mineral Resources Act before it goes on recess in July, an Oil Ministry source told Al Shorouk on Monday.\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":621849,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/19\/mineral-resources-act-sent-to-house-for-review\/","url_meta":{"origin":596822,"position":2},"title":"Mineral Resources Act sent to House for review","author":"enterpriseam admin","date":"19 November 2018","format":false,"excerpt":"LEGISLATION WATCH- Amendments to Mineral Resources Act sent to House: The government has sent long-awaited draft amendments to the Mineral Resources Act to the House of Representatives for review, Oil Minister Tarek El Molla said. El Molla reiterated that the amendments were made primarily to draw investments in the flagging\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":604469,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/04\/emra-to-hand-over-gold-exploration-concessions-after-mineral-resources-act-is-amended\/","url_meta":{"origin":596822,"position":3},"title":"EMRA to hand over gold exploration concessions after Mineral Resources Act is amended","author":"enterpriseam admin","date":"4 December 2018","format":false,"excerpt":"EMRA to hand over concessions from 2017 gold tender after Mineral Resources Act is amended: The Egyptian Mineral Resources Authority is holding off on handing over the five concessions awarded in its 2017 gold exploration tender until after the amendments to the Mineral Resources Act are finalized and passed, an\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":566756,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/12\/four-more-gold-licenses-signed-for-today\/","url_meta":{"origin":596822,"position":4},"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 &quot;SPEED ROUND: MINING&quot;","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":596769,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/house-nods-to-investment-act-law-allowing-foreigners-to-obtain-egyptian-passports\/","url_meta":{"origin":596822,"position":5},"title":"House nods to Investment Act, law allowing foreigners to obtain Egyptian passports","author":"enterpriseam admin","date":"8 July 2019","format":false,"excerpt":"LEGISLATION WATCH- It was a busy day at the House of Representatives as MPs rush to clear bills off their tablebefore flocking to Sahel for their annual summer recess. Amendments to the Investment Act that aim to extend incentives to\u00a0existing projects got a final nod at the House general assembly\u2026","rel":"","context":"In &quot;Speed Round&quot;","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\/662.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\/596822","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=596822"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/596822\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/596815"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=596822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=596822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=596822"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=596822"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=596822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}