{"id":644805,"date":"2017-07-04T04:03:13","date_gmt":"2017-07-04T04:03:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/04\/petroleum-ministry-announces-results-of-emras-gold-exploration-tender\/"},"modified":"2017-07-04T04:03:13","modified_gmt":"2017-07-04T04:03:13","slug":"petroleum-ministry-announces-results-of-emras-gold-exploration-tender","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/04\/petroleum-ministry-announces-results-of-emras-gold-exploration-tender\/","title":{"rendered":"Petroleum Ministry announces results of EMRA\u2019s gold exploration tender"},"content":{"rendered":"

<\/a> Oil Ministry announces results of EMRA\u2019s gold exploration tender:<\/strong> Four companies, including two foreign ones, have won the Egyptian Mineral Resources Authority\u2019s gold mining exploration tender for five concessions in the Eastern Desert and the Sinai Peninsula, Petroleum Minister Tarek El Molla said in a statement on Monday<\/a>. The UK\u2019s Veritas Mining Limited won exploration rights to the Omm Ras concession, while Ghassan Spain Investment was awarded the Dahab concession. Egypt's East Gas Company took home the Omm Oud and Hangaliya concession, while Resolute Egypt won both the Boukary and Omm Samra concession. The tender had been unpopular among a number of mining companies as a result EMRA\u2019s insistence on production sharing agreements, with Centamin, Aton Resources, and Thani Stratex, the three largest mining companies in Egypt, refusing to bid<\/a>. It had been reported back in April<\/a> that 14 Egyptian and International companies had participated in the tender. The results were expected last month<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Oil Ministry announces results of EMRA\u2019s gold exploration tender: Four companies, including two foreign ones, have won the Egyptian Mineral Resources Authority\u2019s gold mining exploration tender for five concessions in the Eastern Desert and the Sinai Peninsula, Petroleum Minister Tarek El Molla said in a statement on Monday. The UK\u2019s Veritas Mining Limited won exploration […]<\/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-644805","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"244ef09c-7239-43ec-972f-950b2ef1a340","order":"0","is_powered_by":true,"section_story_id":"835ef6e9-d69d-4348-9039-55242ebb947b","story_type":"1","photo_url":"","photo_position":"above","related_issue":[644796],"teaser":"","voice_url":""},"yoast_head":"\nPetroleum Ministry announces results of EMRA\u2019s gold exploration tender - 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\/2017\/07\/04\/petroleum-ministry-announces-results-of-emras-gold-exploration-tender\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Petroleum Ministry announces results of EMRA\u2019s gold exploration tender\" \/>\n<meta property=\"og:description\" content=\"Oil Ministry announces results of EMRA\u2019s gold exploration tender: Four companies, including two foreign ones, have won the Egyptian Mineral Resources Authority\u2019s gold mining exploration tender for five concessions in the Eastern Desert and the Sinai Peninsula, Petroleum Minister Tarek El Molla said in a statement on Monday. The UK\u2019s Veritas Mining Limited won exploration […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/04\/petroleum-ministry-announces-results-of-emras-gold-exploration-tender\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-04T04:03:13+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\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\/2017\/07\/04\/petroleum-ministry-announces-results-of-emras-gold-exploration-tender\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/04\/petroleum-ministry-announces-results-of-emras-gold-exploration-tender\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Petroleum Ministry announces results of EMRA\u2019s gold exploration tender\",\"datePublished\":\"2017-07-04T04:03:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/04\/petroleum-ministry-announces-results-of-emras-gold-exploration-tender\/\"},\"wordCount\":168,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/04\/petroleum-ministry-announces-results-of-emras-gold-exploration-tender\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/04\/petroleum-ministry-announces-results-of-emras-gold-exploration-tender\/\",\"name\":\"Petroleum Ministry announces results of EMRA\u2019s gold exploration tender - 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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":652999,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/24\/more-concerns-about-emras-insistence-on-production-sharing-agreement\/","url_meta":{"origin":644805,"position":1},"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 "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":651321,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/09\/emra-chiefs-response-to-critics-of-gold-tender-well-see-on-20-april\/","url_meta":{"origin":644805,"position":2},"title":"EMRA chief\u2019s response to critics of gold tender: we\u2019ll see on 20 April","author":"enterpriseam admin","date":"9 February 2017","format":false,"excerpt":"EMRA chief\u2019s response to critics of gold tender: We\u2019ll see on 20 April. Egyptian Mineral Resources Authority (EMRA) chief Omar Taima hit back at mounting criticism of EMRA\u2019s terms for gold exploration concessions, saying companies that participate in the bid round will be exempt from customs, income taxes and corporate\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":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":644805,"position":3},"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 "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":647530,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/14\/emras-gold-exploration-tender-results-within-a-week-minister-tarek-el-molla\/","url_meta":{"origin":644805,"position":4},"title":"EMRA\u2019s gold exploration tender results within a week -Minister Tarek El Molla","author":"enterpriseam admin","date":"14 May 2017","format":false,"excerpt":"Tarek El Molla on gold exploration, de-regulation of the natural gas industry and the coming swing in priorities toward oil: Petroleum and Mineral Resources Minister Tarek El Molla spoke at an AmCham luncheon we attended on Thursday. We learned that the gold exploration tender results will be out within a\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":648993,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/19\/production-sharing-agreements-for-gold-exploration-has-failed-el-raghy\/","url_meta":{"origin":644805,"position":5},"title":"Production sharing agreements for gold exploration has failed -El-Raghy","author":"enterpriseam admin","date":"19 April 2017","format":false,"excerpt":"With tomorrow\u2019s deadline for the Egyptian Mineral Resources Authority (EMRA)\u2019s bid round for gold and associated minerals approaching, Centamin\u2019s Chairman Josef El-Raghy penned an op-ed in Al Shorouk criticizing EMRA\u2019s insistence on maintaining its production sharing agreement model. El-Raghy says the system has proved its failure in expanding exploration efforts\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/644805","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=644805"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/644805\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/644796"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=644805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=644805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=644805"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=644805"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=644805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}