{"id":625600,"date":"2018-08-09T03:49:00","date_gmt":"2018-08-09T03:49:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/09\/aton-resources-could-be-out-second-licensed-major-gold-producer-after-centamin\/"},"modified":"2018-08-09T03:49:00","modified_gmt":"2018-08-09T03:49:00","slug":"aton-resources-could-be-out-second-licensed-major-gold-producer-after-centamin","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/09\/aton-resources-could-be-out-second-licensed-major-gold-producer-after-centamin\/","title":{"rendered":"Aton Resources could be out second licensed major gold producer after Centamin"},"content":{"rendered":"

<\/a> Aton Resources could be the second licensed major gold producer after Centamin:<\/strong> The Egyptian Mineral Resources Authority (EMRA) accepted a declaration of commerciality from Canada\u2019s Aton Resources on its Hamama West gold concession, according to a company statement<\/a><\/u>. The move could open the door for the company to be the second major gold producer in Egypt after Centamin. \u201cThis is very exciting news for Aton as it allows us to move forward not only in developing our Hamama West Project, but in progressing our Rodruin exploration target,\u201d said Aton CEO Mark Campbell. \u201cWe will now move to begin our next steps in advancing Hamama West and the first pass drilling program at the Rodruin prospect is set to commence shortly,\u201d he said, adding that Aton will be looking for partners with whom to develop the project. The firm had submitted in June a declaration of commerciality on its Hamama Project by Wardell Armstrong International to obtain a 20-year license<\/a><\/u>.<\/p>\n

Aton is pleased with the direction gov\u2019t reforms of the mining sector appear to be taking:<\/strong> The statement from Aton was filled with color on what Aton believes is the state of discussion of the government\u2019s reform of the mining sector. Among them are believed to be proposals to scrap the oil-and-gas-style production sharing agreement and move to a tax, rent and royalty model \u2014 and eliminate the requirement of a 50:50 JV with EMRA completely. Aton also expects the government to allow exploration companies to acquire exploration ground without first acquiring exploration licenses. The changes are yet to pass the House of Representatives. \u201cWith all the signs are pointing towards the long awaited reform of the Egyptian mining sector and the speed that the Government appear to be moving at to implement these changes, leads us to believe that major positive changes for exploration companies, mining companies and the Egyptian Minerals industry overall is at hand,\u201d said Campbell.<\/p>\n","protected":false},"excerpt":{"rendered":"

Aton Resources could be the second licensed major gold producer after Centamin: The Egyptian Mineral Resources Authority (EMRA) accepted a declaration of commerciality from Canada\u2019s Aton Resources on its Hamama West gold concession, according to a company statement. The move could open the door for the company to be the second major gold producer in […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-625600","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"9a588d94-9765-447a-b992-d4cfd1c46661","order":"0","is_powered_by":true,"section_story_id":"204b9c0c-09bc-43dc-b4d9-e486a372b9d2","story_type":"1","photo_url":"","photo_position":"above","related_issue":[625591],"teaser":"","voice_url":""},"yoast_head":"\nAton Resources could be out second licensed major gold producer after Centamin - 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\/2018\/08\/09\/aton-resources-could-be-out-second-licensed-major-gold-producer-after-centamin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aton Resources could be out second licensed major gold producer after Centamin\" \/>\n<meta property=\"og:description\" content=\"Aton Resources could be the second licensed major gold producer after Centamin: The Egyptian Mineral Resources Authority (EMRA) accepted a declaration of commerciality from Canada\u2019s Aton Resources on its Hamama West gold concession, according to a company statement. 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Aton, which is trying to acquire a 20-year exploitation license, had announced last\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":627562,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/aton-moves-one-step-closer-to-obtaining-exploitation-license-on-hamama-west-concession\/","url_meta":{"origin":625600,"position":1},"title":"Aton moves one step closer to obtaining exploitation license on Hamama West concession","author":"enterpriseam admin","date":"5 June 2018","format":false,"excerpt":"Canada\u2019s Aton Resources has moved one step closer to obtaining an exploitation license on its Hamama West gold concession, the company announced in a press release. The Toronto Stock Exchange-listed firm submitted a study by Wardell Armstrong International on the concession to the Egyptian Mineral Resources Authority, a crucial step\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":637675,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/22\/aton-becomes-the-second-miner-since-centamin-to-declare-a-commercial-discovery\/","url_meta":{"origin":625600,"position":2},"title":"Aton becomes the second miner since Centamin to declare a commercial discovery","author":"enterpriseam admin","date":"22 November 2017","format":false,"excerpt":"Aton Resources has officially notified the Egyptian Mineral Resources Authority (EMRA) of its intention to make a declaration of commerciality at its Hamama Project. 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The loan carries a 10% annual interest rate. Aton had said in June it discovered two new\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":649126,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/23\/aton-resources-announces-results-of-drilling-hamama-west\/","url_meta":{"origin":625600,"position":4},"title":"Aton Resources announces results of drilling Hamama West","author":"enterpriseam admin","date":"23 April 2017","format":false,"excerpt":"Aton Resources said the first four drill holes at the Hamama West field all intersected mineralization with drill hole HAD-004 returning 22.2 meters of 2.77 grams per tonne gold equivalent. 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