{"id":604469,"date":"2018-12-04T04:40:41","date_gmt":"2018-12-04T04:40:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/04\/emra-to-hand-over-gold-exploration-concessions-after-mineral-resources-act-is-amended\/"},"modified":"2018-12-04T04:40:41","modified_gmt":"2018-12-04T04:40:41","slug":"emra-to-hand-over-gold-exploration-concessions-after-mineral-resources-act-is-amended","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/04\/emra-to-hand-over-gold-exploration-concessions-after-mineral-resources-act-is-amended\/","title":{"rendered":"EMRA to hand over gold exploration concessions after Mineral Resources Act is amended"},"content":{"rendered":"<p><b>EMRA to hand over concessions from 2017 gold tender after Mineral Resources Act is amended:<\/b> The Egyptian Mineral Resources Authority is holding off on handing over the five concessions <a href=\"https:\/\/enterprise.press\/stories\/2017\/07\/04\/petroleum-ministry-announces-results-of-emras-gold-exploration-tender\/\">awarded in its 2017 gold exploration tender<\/a> until after the amendments to the Mineral Resources Act are finalized and passed, an EMRA source tells Amwal Al Ghad. The winners of the tender were UK\u2019s Veritas Mining Limited, Ghassan Spain Investment, Egypt\u2019s East Gas Company, and Resolute Egypt, who will collectively invest USD 41.3 mn.<\/p>\n<p><b>Background:<\/b> The government has sent the amendments to the act to the House of Representatives for review, Oil Minister Tarek El Molla <a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/19\/mineral-resources-act-sent-to-house-for-review\/\">said last month<\/a>. El Molla reiterated that the amendments \u2014 the details of which remain unclear \u2014 were made primarily to draw investments in the flagging mining sector, which has been hobbled by an outdated economic framework better suited to the oil and gas industry. Wood Mackenzie has been contracted by an affiliate of the Oil Ministry to lay out an appropriate development strategy for the sector. The firm <a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/29\/wood-mackenzie-says-four-challenges-are-facing-egypts-mining-sector\/\">identified four key challenges<\/a> facing Egypt\u2019s mining sector, and its suggestions have largely been incorporated in the proposed amendments to the Mineral Resources Act.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 EMRA source tells Amwal Al [&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":[2121,72,7093,180,3688,373,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-604469","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-egyptian-mineral-resources-authority","tag-enterpriseam","tag-gold","tag-legislation","tag-mineral-resources-act","tag-mining","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"6db08e21-314e-43e6-9317-74ae2772aa88","order":"0","is_powered_by":true,"section_story_id":"8e856e04-08e7-4e01-8a92-8da527ff9be1","story_type":"1","photo_url":"","photo_position":"above","related_issue":[604448],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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Akh Gold, a subsidiary of the Naguib Sawiris-backed company, landed four exploration licenses for nine blocks in the Eastern Desert in February and\u2026","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/250.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":604469,"position":1},"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 &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\/9\/235.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":604469,"position":2},"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 &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\/2\/336.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547099,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/08\/shalateen-mining-to-launch-international-gold-tender-for-at-least-five-eastern-desert-concessions\/","url_meta":{"origin":604469,"position":3},"title":"Shalateen Mining to launch international gold tender for at least five Eastern Desert concessions","author":"enterpriseam admin","date":"8 June 2022","format":false,"excerpt":"Shalateen\u2019s gold areas up for grabs: State-owned Shalateen Mining Company plans to launch an international gold and minerals exploration auction for at least five areas in the Eastern Desert in the coming weeks, Bloomberg Asharq reported Monday, citing sources it says are in the know. The company has already sent\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\/6\/195.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569248,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/18\/more-details-emerge-on-executive-regulations-for-amended-mineral-resources-act\/","url_meta":{"origin":604469,"position":4},"title":"More details emerge on executive regulations for amended Mineral Resources Act","author":"enterpriseam admin","date":"18 February 2020","format":false,"excerpt":"REGULATION WATCH- We have more details on the Mineral Resources Act\u2019s exec regs: Additional details have been released on the executive regulations to the amended Mineral Resources Act, according to a document obtained by Enterprise. Among the key regulations: Royalty payments: We had reported last month that private mine and\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\/2\/241.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569066,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/12\/egypt-to-launch-international-gold-exploration-tender-by-the-beginning-of-march\/","url_meta":{"origin":604469,"position":5},"title":"Egypt to launch international gold exploration tender by the beginning of March","author":"enterpriseam admin","date":"12 February 2020","format":false,"excerpt":"Egypt to launch international gold exploration tender by the beginning of March: The government will launch an international gold exploration and mining tender for areas in the Eastern Desert by the end of this month or early March, Al Mal reports, citing an unnamed source. This will be the first\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\/2\/164.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\/604469","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=604469"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/604469\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/604448"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=604469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=604469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=604469"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=604469"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=604469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}