{"id":609122,"date":"2023-10-31T00:00:00","date_gmt":"2023-10-31T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/31\/oil-ministry-to-launch-gold-exploration-tender-early-2024\/"},"modified":"2023-10-31T00:00:00","modified_gmt":"2023-10-31T00:00:00","slug":"oil-ministry-to-launch-gold-exploration-tender-early-2024","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/31\/oil-ministry-to-launch-gold-exploration-tender-early-2024\/","title":{"rendered":"Oil Ministry to launch gold exploration tender early 2024"},"content":{"rendered":"

Thirteen gold exploration concessions will soon be up for grabs: <\/strong>The Oil Ministry plans to launch an international bid round for the exploration of gold and minerals in 13 concessions in Shalateen and Aswan, a government source told Enterprise yesterday. The tender is expected to launch at the beginning of 2024. The story was first picked up by Asharq Business<\/a>. <\/p>\n

Egypt wants to up its gold production by 5% a year<\/strong> to reach 1.6 mn ounces by 2031, the source said. As part of its efforts to boost gold production and attract investments, the government in 2020 switched up contracting systems to be based on a royalties model<\/a> instead of the mandated revenue split between the investor and the Egyptian Mineral Resource Authority.<\/p>\n

What about the bid round for brownfield sites? <\/strong>Ten companies \u2014 three local and seven international firms \u2014- have so far submitted bids for brownfield sites in the Eastern Desert up for auction by the state-owned Shalateen Mining Company, unnamed sources told <\/a>Al Borsa<\/a>.The company launched the tender in May<\/a> and will reportedly close the door on receiving bids on 9 November<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The tender will include 13 concessions in Shalateen and Aswan<\/p>\n","protected":false},"author":1,"featured_media":609123,"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":[72,7093,373,371],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-609122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mining","tag-enterpriseam","tag-gold","tag-mining","tag-oil-ministry","wpautop","entry"],"acf":{"mongo_id":"17080952-e361-438a-bceb-1ef189921871","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/10\/1483.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Oil Ministry to launch gold exploration tender early 2024","related_issue":[609106],"teaser":"The tender will include 13 concessions in Shalateen and Aswan","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/10\/.e224f369-14f4-4496-94f9-c20519f8059d.mp3"},"yoast_head":"\nOil Ministry to launch gold exploration tender early 2024 - 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\/2023\/10\/31\/oil-ministry-to-launch-gold-exploration-tender-early-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil Ministry to launch gold exploration tender early 2024\" \/>\n<meta property=\"og:description\" content=\"The tender will include 13 concessions in Shalateen and Aswan\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/31\/oil-ministry-to-launch-gold-exploration-tender-early-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-31T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1483.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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/31\/oil-ministry-to-launch-gold-exploration-tender-early-2024\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/31\/oil-ministry-to-launch-gold-exploration-tender-early-2024\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Oil Ministry to launch gold exploration tender early 2024\",\"datePublished\":\"2023-10-31T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/31\/oil-ministry-to-launch-gold-exploration-tender-early-2024\/\"},\"wordCount\":186,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/31\/oil-ministry-to-launch-gold-exploration-tender-early-2024\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1483.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"gold\",\"mining\",\"Oil Ministry\"],\"articleSection\":[\"Mining\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/31\/oil-ministry-to-launch-gold-exploration-tender-early-2024\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/31\/oil-ministry-to-launch-gold-exploration-tender-early-2024\/\",\"name\":\"Oil Ministry to launch gold exploration tender early 2024 - 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The company has already sent\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\/6\/195.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":609122,"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":569066,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/12\/egypt-to-launch-international-gold-exploration-tender-by-the-beginning-of-march\/","url_meta":{"origin":609122,"position":2},"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 "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\/164.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547742,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/05\/iqat-gold-mine-will-start-production-in-4q2022\/","url_meta":{"origin":609122,"position":3},"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":546817,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/30\/rip-gold-tenders\/","url_meta":{"origin":609122,"position":4},"title":"RIP gold tenders?","author":"enterpriseam admin","date":"30 May 2022","format":false,"excerpt":"The Oil Ministry will not launch new tenders to explore for gold and will instead move to the direct awarding of concessions after low turnout for this year\u2019s bid round, Bloomberg Asharq reports, citing a ministry source. Fewer private firms bid in this year\u2019s tender than in the 2020 bid\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\/5\/395.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":644965,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/09\/oil-ministry-planning-second-gold-exploration-tender-for-2017\/","url_meta":{"origin":609122,"position":5},"title":"Oil Ministry planning second gold exploration tender for 2017","author":"enterpriseam admin","date":"9 July 2017","format":false,"excerpt":"Oil Ministry planning second gold exploration tender for 2017: The Oil Ministry is planning another gold exploration tender for 2017 \u2014 it\u2019s second this year after last April\u2019s offering. 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