{"id":597305,"date":"2019-07-22T03:44:00","date_gmt":"2019-07-22T03:44:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/22\/australian-mining-company-seeks-hundreds-of-mns-of-usd-in-compensation-from-the-egyptian-company-for-mineral-resources-ecmr\/"},"modified":"2019-07-22T03:44:00","modified_gmt":"2019-07-22T03:44:00","slug":"australian-mining-company-seeks-hundreds-of-mns-of-usd-in-compensation-from-the-egyptian-company-for-mineral-resources-ecmr","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/22\/australian-mining-company-seeks-hundreds-of-mns-of-usd-in-compensation-from-the-egyptian-company-for-mineral-resources-ecmr\/","title":{"rendered":"Australian mining company seeks hundreds of mns of USD in compensation from the Egyptian Company for Mineral Resources (ECMR)"},"content":{"rendered":"

<\/a> DISPUTE WATCH- The Egyptian gov\u2019t is facing a multi-mn USD lawsuit from an Australian mining company:<\/b> Australian mining company Gippsland filed a lawsuit for potentially hundreds of mns of USD against the state-owned Egyptian Company for Mineral Resources (ECMR) in 2018, the Sydney Morning Herald reports<\/a>. The Perth-based firm agreed to set up Tantalum International Ltd. (TIL), a joint venture company with ECMR back in 2004 to mine tantalum, but began arbitration proceedings<\/a> in June last year at the World Bank\u2019s International Center for Settlement of Investment Disputes (ICSID). The company is accusing ECMR of breaching \u201ca variety of obligations with respect to how they conducted themselves.\u201d<\/p>\n

The lawsuit was filed in 2018, but it appears to just be getting attention now<\/b>, as the Sydney Morning Herald\u2019s story on Saturday is (as far as we can tell) the first time the lawsuit has received any coverage. The abrupt emergence of the story comes at a time when the Madbouly government is working hard to clear investor disputes<\/a> and arbitration cases brought against Egypt.<\/p>\n

What are Gippsland\u2019s grievances?<\/b> Gippsland accuses the government of obstructing production from the mine, and removing them unfairly from the project. The Australian company had entered into a 50-50 JV with ECMR in 2004, but in 2015 the government dissolved the company citing poor financials and delays. Gippsland had spent around USD 60 mn on feasibility studies and other preliminary works before the government removed it from the project. The mine would have also become the world\u2019s largest, providing up to a quarter of the world\u2019s tantalum supply.<\/p>\n

TIL believes \u201cbn-USD\u201d potential means it is owed \u201csignificant\u201d damages: <\/b>TIL chair Mike Rosenstreich says the firm has a \"strong legal case\" to seek \"significant\" damages, indicating that the mine's bn-USD potential will be used as a guide to determine how much compensation is sought. \"It's not just about what we spent, but about what we lost,\u201d he said. \u201cIt's hundreds of millions of USD.\u201d<\/p>\n

Where the case stands now:<\/b> TIL reportedly secured litigation funding in 2016, having reportedly sought to resolve the issue through diplomatic channels without success. The company has filed its documents to the ICSID, while the Egyptian government has yet to take the same step.<\/p>\n

Advisers:<\/b> London-based Clifford Chance is advising TIL, while the Egyptian government is being represented by New York's Shearman and Sterling.<\/p>\n","protected":false},"excerpt":{"rendered":"

DISPUTE WATCH- The Egyptian gov\u2019t is facing a multi-mn USD lawsuit from an Australian mining company: Australian mining company Gippsland filed a lawsuit for potentially hundreds of mns of USD against the state-owned Egyptian Company for Mineral Resources (ECMR) in 2018, the Sydney Morning Herald reports. The Perth-based firm agreed to set up Tantalum International […]<\/p>\n","protected":false},"author":1,"featured_media":597306,"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":[855,11171,72,11172,373,2380,11173],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-597305","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-australia","tag-egyptian-company-for-mineral-resources-ecmr","tag-enterpriseam","tag-international-center-for-settlement-of-investment-disputes-icsid","tag-mining","tag-speed-round","tag-tantalum","wpautop","entry"],"acf":{"mongo_id":"24db9b9b-cdff-4f0b-b779-94ea792de644","is_powered_by":true,"section_story_id":"f5664908-70db-40db-b7d0-8470eae9dd7b","story_type":"1","photo_url":"https:\/\/ent.news\/2019\/7\/2977.jpg","photo_position":"above","related_issue":[597292],"teaser":"","voice_url":""},"yoast_head":"\nAustralian mining company seeks hundreds of mns of USD in compensation from the Egyptian Company for Mineral Resources (ECMR) - 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\/22\/australian-mining-company-seeks-hundreds-of-mns-of-usd-in-compensation-from-the-egyptian-company-for-mineral-resources-ecmr\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australian mining company seeks hundreds of mns of USD in compensation from the Egyptian Company for Mineral Resources (ECMR)\" \/>\n<meta property=\"og:description\" content=\"DISPUTE WATCH- The Egyptian gov\u2019t is facing a multi-mn USD lawsuit from an Australian mining company: Australian mining company Gippsland filed a lawsuit for potentially hundreds of mns of USD against the state-owned Egyptian Company for Mineral Resources (ECMR) in 2018, the Sydney Morning Herald reports. The Perth-based firm agreed to set up Tantalum International […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/22\/australian-mining-company-seeks-hundreds-of-mns-of-usd-in-compensation-from-the-egyptian-company-for-mineral-resources-ecmr\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-22T03:44:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/2977.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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/22\/australian-mining-company-seeks-hundreds-of-mns-of-usd-in-compensation-from-the-egyptian-company-for-mineral-resources-ecmr\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/22\/australian-mining-company-seeks-hundreds-of-mns-of-usd-in-compensation-from-the-egyptian-company-for-mineral-resources-ecmr\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Australian mining company seeks hundreds of mns of USD in compensation from the Egyptian Company for Mineral Resources (ECMR)\",\"datePublished\":\"2019-07-22T03:44:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/22\/australian-mining-company-seeks-hundreds-of-mns-of-usd-in-compensation-from-the-egyptian-company-for-mineral-resources-ecmr\/\"},\"wordCount\":412,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/22\/australian-mining-company-seeks-hundreds-of-mns-of-usd-in-compensation-from-the-egyptian-company-for-mineral-resources-ecmr\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/2977.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Australia\",\"Egyptian Company for Mineral Resources (ECMR)\",\"EnterpriseAM\",\"International Center for Settlement of Investment Disputes (ICSID)\",\"mining\",\"SPEED ROUND\",\"tantalum\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/22\/australian-mining-company-seeks-hundreds-of-mns-of-usd-in-compensation-from-the-egyptian-company-for-mineral-resources-ecmr\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/22\/australian-mining-company-seeks-hundreds-of-mns-of-usd-in-compensation-from-the-egyptian-company-for-mineral-resources-ecmr\/\",\"name\":\"Australian mining company seeks hundreds of mns of USD in compensation from the Egyptian Company for Mineral Resources (ECMR) - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/22\/australian-mining-company-seeks-hundreds-of-mns-of-usd-in-compensation-from-the-egyptian-company-for-mineral-resources-ecmr\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/22\/australian-mining-company-seeks-hundreds-of-mns-of-usd-in-compensation-from-the-egyptian-company-for-mineral-resources-ecmr\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/2977.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2019-07-22T03:44:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/22\/australian-mining-company-seeks-hundreds-of-mns-of-usd-in-compensation-from-the-egyptian-company-for-mineral-resources-ecmr\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/22\/australian-mining-company-seeks-hundreds-of-mns-of-usd-in-compensation-from-the-egyptian-company-for-mineral-resources-ecmr\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/22\/australian-mining-company-seeks-hundreds-of-mns-of-usd-in-compensation-from-the-egyptian-company-for-mineral-resources-ecmr\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/2977.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/2977.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/22\/australian-mining-company-seeks-hundreds-of-mns-of-usd-in-compensation-from-the-egyptian-company-for-mineral-resources-ecmr\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Australian mining company seeks hundreds of mns of USD in compensation from the Egyptian Company for Mineral Resources (ECMR)\"}]},{\"@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\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Australian mining company seeks hundreds of mns of USD in compensation from the Egyptian Company for Mineral Resources (ECMR) - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/22\/australian-mining-company-seeks-hundreds-of-mns-of-usd-in-compensation-from-the-egyptian-company-for-mineral-resources-ecmr\/","og_locale":"en_US","og_type":"article","og_title":"Australian mining company seeks hundreds of mns of USD in compensation from the Egyptian Company for Mineral Resources (ECMR)","og_description":"DISPUTE WATCH- The Egyptian gov\u2019t is facing a multi-mn USD lawsuit from an Australian mining company: Australian mining company Gippsland filed a lawsuit for potentially hundreds of mns of USD against the state-owned Egyptian Company for Mineral Resources (ECMR) in 2018, the Sydney Morning Herald reports. The Perth-based firm agreed to set up Tantalum International […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/22\/australian-mining-company-seeks-hundreds-of-mns-of-usd-in-compensation-from-the-egyptian-company-for-mineral-resources-ecmr\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2019-07-22T03:44:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2019\/7\/2977.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/22\/australian-mining-company-seeks-hundreds-of-mns-of-usd-in-compensation-from-the-egyptian-company-for-mineral-resources-ecmr\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/22\/australian-mining-company-seeks-hundreds-of-mns-of-usd-in-compensation-from-the-egyptian-company-for-mineral-resources-ecmr\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Australian mining company seeks hundreds of mns of USD in compensation from the Egyptian Company for Mineral Resources (ECMR)","datePublished":"2019-07-22T03:44:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/22\/australian-mining-company-seeks-hundreds-of-mns-of-usd-in-compensation-from-the-egyptian-company-for-mineral-resources-ecmr\/"},"wordCount":412,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/22\/australian-mining-company-seeks-hundreds-of-mns-of-usd-in-compensation-from-the-egyptian-company-for-mineral-resources-ecmr\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2019\/7\/2977.jpg?fit=%2C&ssl=1","keywords":["Australia","Egyptian Company for Mineral Resources (ECMR)","EnterpriseAM","International Center for Settlement of Investment Disputes (ICSID)","mining","SPEED ROUND","tantalum"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/22\/australian-mining-company-seeks-hundreds-of-mns-of-usd-in-compensation-from-the-egyptian-company-for-mineral-resources-ecmr\/","url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/22\/australian-mining-company-seeks-hundreds-of-mns-of-usd-in-compensation-from-the-egyptian-company-for-mineral-resources-ecmr\/","name":"Australian mining company seeks hundreds of mns of USD in compensation from the Egyptian Company for Mineral Resources (ECMR) - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/22\/australian-mining-company-seeks-hundreds-of-mns-of-usd-in-compensation-from-the-egyptian-company-for-mineral-resources-ecmr\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/22\/australian-mining-company-seeks-hundreds-of-mns-of-usd-in-compensation-from-the-egyptian-company-for-mineral-resources-ecmr\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2019\/7\/2977.jpg?fit=%2C&ssl=1","datePublished":"2019-07-22T03:44:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/22\/australian-mining-company-seeks-hundreds-of-mns-of-usd-in-compensation-from-the-egyptian-company-for-mineral-resources-ecmr\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2019\/07\/22\/australian-mining-company-seeks-hundreds-of-mns-of-usd-in-compensation-from-the-egyptian-company-for-mineral-resources-ecmr\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/22\/australian-mining-company-seeks-hundreds-of-mns-of-usd-in-compensation-from-the-egyptian-company-for-mineral-resources-ecmr\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2019\/7\/2977.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2019\/7\/2977.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/22\/australian-mining-company-seeks-hundreds-of-mns-of-usd-in-compensation-from-the-egyptian-company-for-mineral-resources-ecmr\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Australian mining company seeks hundreds of mns of USD in compensation from the Egyptian Company for Mineral Resources (ECMR)"}]},{"@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":"https:\/\/i0.wp.com\/ent.news\/2019\/7\/2977.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2019\/7\/2977.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2019\/7\/2977.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":547742,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/05\/iqat-gold-mine-will-start-production-in-4q2022\/","url_meta":{"origin":597305,"position":0},"title":"Iqat gold mine will start production in 4Q2022","author":"enterpriseam admin","date":"5 July 2022","format":false,"excerpt":"Production at the Iqat gold mine could begin in 4Q2022, the chairman of the state-owned Shalateen Mining Company told Bloomberg Asharq on the sidelines of the Egypt Mining Forum yesterday. The deposit is estimated to hold around 1.3 mn ounces of gold, and USD 300 mn has so far been\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\/2022\/7\/117.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569500,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/26\/egypt-to-launch-intl-gold-exploration-bid-round-on-15-march\/","url_meta":{"origin":597305,"position":1},"title":"Egypt to launch int\u2019l gold exploration bid round on 15 March","author":"enterpriseam admin","date":"26 February 2020","format":false,"excerpt":"Egypt will launch an international bid round for gold and mineral exploration on 15 March, and will accept bids until 15 July, the Oil Ministry said in a statement (pdf). Investors will bid for exploration in the Eastern Desert over an area totaling 56k sqkm using the block-basis concessions system,\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\/336.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":622505,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/03\/uks-malicorp-to-file-another-arbitration-case-against-egypt\/","url_meta":{"origin":597305,"position":2},"title":"UK\u2019s Malicorp to file another arbitration case against Egypt","author":"enterpriseam admin","date":"3 October 2018","format":false,"excerpt":"UK\u2019s Malicorp files new USD 500 mn arbitration suit against Egypt: UK construction firm Malicorp is planning to file another arbitration case against the Civil Aviation Ministry for USD 500 mn in compensation for terminating an 18-year-old contract to build, operate and manage an airport in Ras Sudr, sources close\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":569325,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/20\/centamin-to-consider-bidding-on-the-mineral-resources-authoritys-upcoming-tender\/","url_meta":{"origin":597305,"position":3},"title":"Centamin to consider bidding on the Mineral Resources Authority\u2019s upcoming tender","author":"enterpriseam admin","date":"20 February 2020","format":false,"excerpt":"INVESTMENT WATCH- Centamin \"prepared\" to invest more in Egypt\u2019s mining, waiting on details of int\u2019l gold tender: Centamin is waiting on more details on the Mineral Resources Authority\u2019s upcoming international gold exploration and mining tender before deciding whether or not to participate, but is \u201cprepared\u201d to invest more in Egypt\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":560192,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/18\/signed-sealed-and-delivered\/","url_meta":{"origin":597305,"position":4},"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":576362,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/22\/11-companies-awarded-82-gold-exploration-blocks-in-govt-tender\/","url_meta":{"origin":597305,"position":5},"title":"11 companies awarded 82 gold exploration blocks in gov\u2019t tender","author":"enterpriseam admin","date":"22 November 2020","format":false,"excerpt":"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\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\/224.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\/597305","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=597305"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/597305\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/597292"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/597306"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=597305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=597305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=597305"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=597305"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=597305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}