{"id":627562,"date":"2018-06-05T04:12:34","date_gmt":"2018-06-05T04:12:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/aton-moves-one-step-closer-to-obtaining-exploitation-license-on-hamama-west-concession\/"},"modified":"2018-06-05T04:12:34","modified_gmt":"2018-06-05T04:12:34","slug":"aton-moves-one-step-closer-to-obtaining-exploitation-license-on-hamama-west-concession","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/aton-moves-one-step-closer-to-obtaining-exploitation-license-on-hamama-west-concession\/","title":{"rendered":"Aton moves one step closer to obtaining exploitation license on Hamama West concession"},"content":{"rendered":"

<\/a> Canada\u2019s Aton Resources has moved one step closer to obtaining an exploitation license on its Hamama West gold concession<\/strong>, the company announced in a press release<\/a>. 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 in its application to obtain the 20-year license. Aton had said in late November last year<\/a> that it planned to submit the declaration of commerciality, only the second in the modern history of the Egyptian gold mining industry after Centamin.<\/p>\n

Just don\u2019t expect a new gold rush until there is regulatory reform: <\/strong>Gold miners continue to push the Egyptian Mineral Resources Authority to change to a tax and royalty system from the current production-sharing regime. As we understand it, Wood Mackenzie is advising the government on reform of the sector, with fresh investment in the industry pending the overhaul. Aton Resources CEO Mark Campbell, writing exclusively for Enterprise last year, noted that, \u201cEgypt could be one of the top mining jurisdictions in the world, but it badly needs to reform its mining policies<\/strong> to attract more companies to invest in developing its mineral resources.\u201d You can read Campbell\u2019s full opinion piece here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 in its application to obtain […]<\/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-627562","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"f0f7915f-08b1-4ff8-b4da-f95553d212ef","order":"0","is_powered_by":true,"section_story_id":"c5c053a3-d094-4045-8856-09a192ea2524","story_type":"1","photo_url":"","photo_position":"above","related_issue":[627550],"teaser":"","voice_url":""},"yoast_head":"\nAton moves one step closer to obtaining exploitation license on Hamama West concession - 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\/06\/05\/aton-moves-one-step-closer-to-obtaining-exploitation-license-on-hamama-west-concession\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aton moves one step closer to obtaining exploitation license on Hamama West concession\" \/>\n<meta property=\"og:description\" content=\"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. 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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":591836,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/18\/aton-secures-cad-300k-bridge-loan-for-work-in-egypts-abu-marawat-concession\/","url_meta":{"origin":627562,"position":1},"title":"Aton secures CAD 300k bridge loan for work in Egypt\u2019s Abu Marawat concession","author":"enterpriseam admin","date":"18 December 2019","format":false,"excerpt":"Canadian mining firm Aton Resources has lined up a CAD 300k bridge loan from Ou Moonrider to finance its work in the Abu Marawat concession in Egypt, according to an emailed statement (pdf). 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":625600,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/09\/aton-resources-could-be-out-second-licensed-major-gold-producer-after-centamin\/","url_meta":{"origin":627562,"position":2},"title":"Aton Resources could be out second licensed major gold producer after Centamin","author":"enterpriseam admin","date":"9 August 2018","format":false,"excerpt":"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\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":571091,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/29\/egypt-awards-aton-three-year-extension-to-explore-abu-marawat-gold-concession\/","url_meta":{"origin":627562,"position":3},"title":"Egypt awards Aton three-year extension to explore Abu Marawat gold concession","author":"enterpriseam admin","date":"29 April 2020","format":false,"excerpt":"The Egyptian Mineral Resources Authority (EMRA) and Oil Ministry have agreed to grant Aton a three-year extension for its exploration of the Abu Marawat gold concession, the company said in a statement (pdf). The extension will give Aton enough breathing room to \u201cmigrate\u201d to the new system that will be\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":627562,"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. Aton says \u201cHAD-004 is one of the highest-grade and deepest drill holes that Aton has returned from Hamama West to\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":648522,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/aton-resources-provides-exploration-update-for-abu-marawat-concession\/","url_meta":{"origin":627562,"position":5},"title":"Aton Resources provides exploration update for Abu Marawat concession","author":"enterpriseam admin","date":"5 April 2017","format":false,"excerpt":"Gold miner Aton Resources says it has completed 12 holes of the originally planned 14 hole, 2,300 meter diamond drill program at Hamama West at the Abu Marawat concession. \u201cWe believe there is tremendous potential to grow resources at Hamama West and most of the drill holes in this program\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/627562","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=627562"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/627562\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/627550"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=627562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=627562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=627562"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=627562"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=627562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}