{"id":598747,"date":"2019-06-03T04:00:10","date_gmt":"2019-06-03T04:00:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/03\/mineral-resources-act-gets-committee-level-approval-at-egypts-house\/"},"modified":"2019-06-03T04:00:10","modified_gmt":"2019-06-03T04:00:10","slug":"mineral-resources-act-gets-committee-level-approval-at-egypts-house","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/03\/mineral-resources-act-gets-committee-level-approval-at-egypts-house\/","title":{"rendered":"Mineral Resources Act gets committee-level approval at Egypt\u2019s House"},"content":{"rendered":"

<\/a> LEGISLATION WATCH- Mineral Resources Act gets committee-level approval at House: <\/b>Committees at the House of Representatives have given a preliminary nod of approval to the bill that would create a new Mineral Resources Act, according to reports in the domestic press<\/a>. The long-awaited changes were approved by the Madbouly Cabinet last month<\/a>. The amendments are still pending a final general assembly vote before being signed into law by President Abdel Fattah El Sisi.<\/p>\n

Background: <\/b>If passed, the amendments would set up a new authority in charge of licensing mines and quarries. They would also lift a previous 16k sqm area limit, allowing the authority to issue licenses to areas of unlimited size and allow licenses to be renewed for more than one term. Mines and quarries licensed under the current legislation would remain valid and be subject to prior terms until renewal. The amendments have been praised by the industry<\/a> for their promise to scrap the oil-and-gas-style production sharing agreement.<\/p>\n","protected":false},"excerpt":{"rendered":"

LEGISLATION WATCH- Mineral Resources Act gets committee-level approval at House: Committees at the House of Representatives have given a preliminary nod of approval to the bill that would create a new Mineral Resources Act, according to reports in the domestic press. The long-awaited changes were approved by the Madbouly Cabinet last month. The amendments are […]<\/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":[72,180,3688,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-598747","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-legislation","tag-mineral-resources-act","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"8510cc2c-290c-4727-bfb5-130bdd6e52fd","is_powered_by":true,"section_story_id":"79db71c9-c32a-44f8-90b7-5273a5bdff6b","story_type":"1","photo_url":"","photo_position":"above","related_issue":[598734],"teaser":"","voice_url":""},"yoast_head":"\nMineral Resources Act gets committee-level approval at Egypt\u2019s House - 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\/06\/03\/mineral-resources-act-gets-committee-level-approval-at-egypts-house\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mineral Resources Act gets committee-level approval at Egypt\u2019s House\" \/>\n<meta property=\"og:description\" content=\"LEGISLATION WATCH- Mineral Resources Act gets committee-level approval at House: Committees at the House of Representatives have given a preliminary nod of approval to the bill that would create a new Mineral Resources Act, according to reports in the domestic press. 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Aton believes the effect that these changes will have on investment\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":598037,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/13\/egypts-cabinet-greenlights-mineral-resources-act-amendments\/","url_meta":{"origin":598747,"position":4},"title":"Egypt\u2019s cabinet greenlights Mineral Resources Act amendments","author":"enterpriseam admin","date":"13 May 2019","format":false,"excerpt":"LEGISLATION WATCH- Cabinet greenlights amendments to Mineral Resources Act: The Madbouly Cabinet has approved amendments to the Mineral Resources Act and will send the draft bill to the House of Representatives today, a source from the Oil Ministry told the local press. 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