{"id":630837,"date":"2018-03-04T04:11:13","date_gmt":"2018-03-04T04:11:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/emra-threatens-to-revoke-matz-holdings-gold-license\/"},"modified":"2018-03-04T04:11:13","modified_gmt":"2018-03-04T04:11:13","slug":"emra-threatens-to-revoke-matz-holdings-gold-license","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/emra-threatens-to-revoke-matz-holdings-gold-license\/","title":{"rendered":"EMRA threatens to revoke Matz Holding\u2019s gold license"},"content":{"rendered":"<p><strong>EMRA threatens to revoke Matz Holding\u2019s gold license: <\/strong>The Egyptian Mineral Resources Authority (EMRA) has granted Cyprus\u2019 Matz Holding a one-week grace period to present a financial and technical strategy to restart operations at the Hamash mine before revoking the company\u2019s gold license, <a href=\"http:\/\/www.youm7.com\/story\/2018\/3\/2\/%D9%87%D9%8A%D8%A6%D8%A9-%D8%A7%D9%84%D8%AB%D8%B1%D9%88%D8%A9-%D8%A7%D9%84%D9%85%D8%B9%D8%AF%D9%86%D9%8A%D8%A9-%D8%AA%D8%B3%D8%AA%D8%B9%D8%AF-%D9%84%D8%A5%D9%84%D8%BA%D8%A7%D8%A1-%D8%B9%D9%82%D8%AF-%D8%A7%D8%B3%D8%AA%D8%BA%D9%84%D8%A7%D9%84-%D8%A5%D9%86%D8%AA%D8%A7%D8%AC-%D8%A7%D9%84%D8%B0%D9%87%D8%A8-%D9%85%D9%86\/3673828\">Youm7 reports<\/a>, citing an unidentified source. EMRA had deemed that the Hamash Company, a JV between the government and the Cypriot company, has capped its spending on the mine to USD 2 mn. EMRA had been looking for CAPEX spending to reach USD 200-300 mn to resume operations at the stalled mine.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EMRA threatens to revoke Matz Holding\u2019s gold license: The Egyptian Mineral Resources Authority (EMRA) has granted Cyprus\u2019 Matz Holding a one-week grace period to present a financial and technical strategy to restart operations at the Hamash mine before revoking the company\u2019s gold license, Youm7 reports, citing an unidentified source. EMRA had deemed that the Hamash [&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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-630837","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"fd098a65-7789-41e1-aeb4-034461132aca","order":"0","is_powered_by":true,"section_story_id":"b250893e-7eca-4a44-a21c-e09876beff22","story_type":"1","photo_url":"","photo_position":"above","related_issue":[630827],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EMRA threatens to revoke Matz Holding\u2019s gold license - 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\/03\/04\/emra-threatens-to-revoke-matz-holdings-gold-license\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EMRA threatens to revoke Matz Holding\u2019s gold license\" \/>\n<meta property=\"og:description\" content=\"EMRA threatens to revoke Matz Holding\u2019s gold license: The Egyptian Mineral Resources Authority (EMRA) has granted Cyprus\u2019 Matz Holding a one-week grace period to present a financial and technical strategy to restart operations at the Hamash mine before revoking the company\u2019s gold license, Youm7 reports, citing an unidentified source. EMRA had deemed that the Hamash [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/emra-threatens-to-revoke-matz-holdings-gold-license\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-04T04:11:13+00:00\" \/>\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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/emra-threatens-to-revoke-matz-holdings-gold-license\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/emra-threatens-to-revoke-matz-holdings-gold-license\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EMRA threatens to revoke Matz Holding\u2019s gold license\",\"datePublished\":\"2018-03-04T04:11:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/emra-threatens-to-revoke-matz-holdings-gold-license\/\"},\"wordCount\":105,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/emra-threatens-to-revoke-matz-holdings-gold-license\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/emra-threatens-to-revoke-matz-holdings-gold-license\/\",\"name\":\"EMRA threatens to revoke Matz Holding\u2019s gold license - 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Government officials had previously said that Egypt\u2019s profit share from the Sukari gold mine in 2017\u2026","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","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":634161,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/08\/centamin-expects-to-pay-emra-usd-137-mn-in-2018\/","url_meta":{"origin":630837,"position":1},"title":"Centamin expects to pay EMRA USD 137 mn in 2018","author":"enterpriseam admin","date":"8 January 2018","format":false,"excerpt":"Centamin plans on paying the Egyptian Mineral Resources Authority (EMRA) USD 137 mn in profits and royalties from the Sukari gold mine in 2018, General Manager Youssef El Raghy told Youm7. He estimates that the shared profit will amount to USD 115 mn, with biannual royalties at USD 22 mn.\u2026","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","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":652999,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/24\/more-concerns-about-emras-insistence-on-production-sharing-agreement\/","url_meta":{"origin":630837,"position":2},"title":"More concerns about EMRA\u2019s insistence on production sharing agreement","author":"enterpriseam admin","date":"24 January 2017","format":false,"excerpt":"The terms of EMRA\u2019s gold exploration tender causing more concerns: Following remarks from Mark Campbell, CEO of Aton Resources, and Patrick Werr\u2019s column in The National about, more concerns are being raised about the terms of the gold exploration tender the Egyptian Mineral Resources Authority (EMRA) put out. \u201cI would\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":649631,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/05\/sukari-gold-mine-reserves-worth-usd-20-bn\/","url_meta":{"origin":630837,"position":3},"title":"Sukari gold mine reserves worth USD 20 bn","author":"enterpriseam admin","date":"5 March 2017","format":false,"excerpt":"The Sukari gold mine holds an estimated 14.5 mn ounces of gold, worth an estimated USD 20 bn, Sukari Gold Mining Company chairman Ali Barakat said, according to Al Shorouk. He added that USD 2.7 bn worth of gold was produced from Sukari since January 2010. On a national scale,\u2026","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","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":644859,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/05\/emra-tender-winners-to-invest-usd-41-3-mn-in-eastern-desert-exploration\/","url_meta":{"origin":630837,"position":4},"title":"EMRA tender winners to invest USD 41.3 mn in Eastern Desert exploration","author":"enterpriseam admin","date":"5 July 2017","format":false,"excerpt":"EMRA tender winners to invest USD 41.3 mn in Eastern Desert exploration: The winners of the Egyptian Mineral Resources Authority\u2019s (EMRA) gold mining tender in the Eastern Desert and Sinai Peninsula will be investing around USD 41.3 mn collectively in exploration activities, sources close to the matter tell Youm7. The\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":653000,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/24\/for-the-record-emra-has-withdrawn-exploration-licenses-from-companies-awarded-concession-areas-in-the-eastern-desert-from-2007-to-2009-last-june-and-was-looking-to-reissue-tenders-for-as-ma\/","url_meta":{"origin":630837,"position":5},"title":"\u2026 For the record, EMRA has withdrawn exploration licenses from companies awarded concession areas in the Eastern Desert from 2007 to 2009 last June and was looking to reissue tenders for as many as 120 \u201cabandoned\u201d gold mines. The licenses were withdrawn from the \u201csmaller companies\u201d as they were unable to meet production targets due to financial and operational challenges. Taima then said EMRA\u2019s move left only four active mining companies in Egypt. One of them is Matz Holding, which at the time, had already ceased operations on one of its two concession areas altogether and was forced by EMRA either to give up the rights to the other or find a new development partner for it. The other three active operators Taima mentioned at the time were: Centamin, Thani Stratex, and Aton Resources (then Alexander Nubia) \u2014 who all indicated they do not agree with the terms of EMRA\u2019s bid round.","author":"enterpriseam admin","date":"24 January 2017","format":false,"excerpt":"Dalia Khorshid is not happy with World Economic Forum (WEF)\u2019s Inclusive Growth and Development Index (IDI): WEF\u2019s IDI placed Egypt 73rd out of its sample of 79 countries and said, \u201cThe country struggles with many aspects of inclusive growth.\u201d The Investment Ministry responded, according to Al Mal, saying it ignored\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\/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\/630837","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=630837"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/630837\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/630827"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=630837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=630837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=630837"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=630837"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=630837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}