{"id":648993,"date":"2017-04-19T03:59:48","date_gmt":"2017-04-19T03:59:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/19\/production-sharing-agreements-for-gold-exploration-has-failed-el-raghy\/"},"modified":"2017-04-19T03:59:48","modified_gmt":"2017-04-19T03:59:48","slug":"production-sharing-agreements-for-gold-exploration-has-failed-el-raghy","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/19\/production-sharing-agreements-for-gold-exploration-has-failed-el-raghy\/","title":{"rendered":"Production sharing agreements for gold exploration has failed -El-Raghy"},"content":{"rendered":"

<\/a> With tomorrow\u2019s deadline for the Egyptian Mineral Resources Authority (EMRA)\u2019s bid <\/strong>round for gold and associated minerals approaching<\/strong>, Centamin\u2019s Chairman Josef El-Raghy penned an op-ed in Al Shorouk<\/a> criticizing EMRA\u2019s insistence on maintaining its production sharing agreement model. El-Raghy says the system has proved its failure in expanding exploration efforts and attracting new investors and reiterates the industry\u2019s calls for a move to a tax and royalty system. El-Raghy\u2019s op-ed follows CEO of Aton Resources Mark Campbell\u2019s op-ed published in Enterprise last January<\/a>. Centamin, Aton Resources, and Thani Stratex, the three largest mining companies in Egypt have all <\/strong>indicated<\/strong><\/a> they would not be entering EMRA\u2019s bid round<\/strong>, with EMRA\u2019s head Omar Taima saying<\/a> there will be interest in the bid round despite their absence.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 and attracting new investors and […]<\/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-648993","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"cccbfbd6-3be7-47f8-a88e-f8ac6bd02ade","order":"0","is_powered_by":true,"section_story_id":"f281e5d1-d519-4bc7-829c-9b0b0b441931","story_type":"1","photo_url":"","photo_position":"above","related_issue":[648981],"teaser":"","voice_url":""},"yoast_head":"\nProduction sharing agreements for gold exploration has failed -El-Raghy - 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\/04\/19\/production-sharing-agreements-for-gold-exploration-has-failed-el-raghy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Production sharing agreements for gold exploration has failed -El-Raghy\" \/>\n<meta property=\"og:description\" content=\"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 and attracting new investors and […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/19\/production-sharing-agreements-for-gold-exploration-has-failed-el-raghy\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-04-19T03:59:48+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\/04\/19\/production-sharing-agreements-for-gold-exploration-has-failed-el-raghy\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/19\/production-sharing-agreements-for-gold-exploration-has-failed-el-raghy\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Production sharing agreements for gold exploration has failed -El-Raghy\",\"datePublished\":\"2017-04-19T03:59:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/19\/production-sharing-agreements-for-gold-exploration-has-failed-el-raghy\/\"},\"wordCount\":142,\"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\/04\/19\/production-sharing-agreements-for-gold-exploration-has-failed-el-raghy\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/19\/production-sharing-agreements-for-gold-exploration-has-failed-el-raghy\/\",\"name\":\"Production sharing agreements for gold exploration has failed -El-Raghy - 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The company is\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":561871,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/25\/altus-akh-gold-could-invest-usd-200-mn-if-it-strikes-gold-in-egypt\/","url_meta":{"origin":648993,"position":2},"title":"Altus\u2019 Akh Gold could invest USD 200 mn if it strikes gold in Egypt","author":"enterpriseam admin","date":"25 April 2021","format":false,"excerpt":"Altus Strategies could invest as much as USD 200 mn in Egypt if it makes a commercially viable discovery in its new gold exploration concessions, Reuters reports. Akh Gold, a subsidiary of the Naguib Sawiris-backed company, landed four exploration licenses for nine blocks in the Eastern Desert in February and\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/250.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":634358,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/14\/el-raghy-to-retire-as-centamins-executive-chairman\/","url_meta":{"origin":648993,"position":3},"title":"El-Raghy to retire as Centamin\u2019s executive chairman","author":"enterpriseam admin","date":"14 January 2018","format":false,"excerpt":"MOVES- Centamin Executive Chairman Josef El-Raghy is retiring \u201ceffective following the completion of a succession process and orderly handover throughout 2018,\u201d according to a company statement. 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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":569325,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/20\/centamin-to-consider-bidding-on-the-mineral-resources-authoritys-upcoming-tender\/","url_meta":{"origin":648993,"position":5},"title":"Centamin to consider bidding on the Mineral Resources Authority\u2019s upcoming tender","author":"enterpriseam admin","date":"20 February 2020","format":false,"excerpt":"INVESTMENT WATCH- Centamin \"prepared\" to invest more in Egypt\u2019s mining, waiting on details of int\u2019l gold tender: Centamin is waiting on more details on the Mineral Resources Authority\u2019s upcoming international gold exploration and mining tender before deciding whether or not to participate, but is \u201cprepared\u201d to invest more in Egypt\u2019s\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\/648993","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=648993"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/648993\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/648981"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=648993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=648993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=648993"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=648993"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=648993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}