{"id":655198,"date":"2024-11-14T00:00:00","date_gmt":"2024-11-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/14\/aton-resources-to-launch-gold-extracting-and-processing-facility-in-2026-plus-bp-to-drill-two-new-wells-sabbour-consulting-expands-to-ksa-british-council-promotes-inclusion\/"},"modified":"2024-11-14T00:00:00","modified_gmt":"2024-11-14T00:00:00","slug":"aton-resources-to-launch-gold-extracting-and-processing-facility-in-2026-plus-bp-to-drill-two-new-wells-sabbour-consulting-expands-to-ksa-british-council-promotes-inclusion","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/14\/aton-resources-to-launch-gold-extracting-and-processing-facility-in-2026-plus-bp-to-drill-two-new-wells-sabbour-consulting-expands-to-ksa-british-council-promotes-inclusion\/","title":{"rendered":"Aton Resources to launch gold extracting and processing facility in 2026. PLUS: BP to drill two new wells, Sabbour Consulting expands to KSA, British Council promotes inclusion"},"content":{"rendered":"

MINING- <\/p>\n

New gold extracting and processing factory in the works: <\/strong>Canadian gold miner Aton Resources will set up a gold extracting and processing facility to process finds from its Abu Marwat concession in the Eastern Desert, according to an Oil Ministry statement<\/a>. The company is planning to launch the facility in 1Q 2026, the president of Aton subsidiary Abu Marwat Gold Mines, Ayman Ibrahim, told Al Borsa<\/a>.<\/p>\n

The details: <\/strong>The facility will feature advanced and environmentally friendly technologies that will maximize the extraction of gold and accompanying minerals from the concession\u2019s Hamama and West Rodruin sites. <\/p>\n

Remember:<\/strong> Aton and the Egyptian Mineral Resources Authority\u2019s JV Abu Marawat Gold Mines Ltd inked an agreement<\/a> with LSE-listed Capital Drilling earlier this week to drill up at least 5k meters in the Abu Marawat concession. The concession is slated to begin producing gold in 2026<\/a>, after operations were delayed a year.<\/p>\n

EDUCATION-<\/p>\n

Education Ministry, British <\/strong>Council<\/strong> team up to promote inclusion for special <\/strong>educational needs <\/strong>students: <\/strong>The Education Ministry and British Council have launched a new initiative in collaboration with UNICEF to support the further integration of students with special educational needs into Egyptian schools, according to an Education Ministry statement<\/a>. The campaign, dubbed Making Schools a Place for All Students, will see the British Council collaborate with education sector stakeholders and policymakers to develop action plans for inclusive schools and build capacity among local leaders and within school communities.<\/p>\n

ENERGY-<\/p>\n

BP to drill <\/strong>two more <\/strong>exploratory<\/strong> wells<\/strong> in January:<\/strong> Global energy giant BP is set to begin drilling two USD 160 mn exploratory natural gas wells in Egypt's West Delta in January 2025, Asharq Business<\/a> reports, citing an anonymous government source. The news follows BP\u2019s announcement that it will invest USD 400 mn<\/a> to drill two new wells at the Raven natural gas field in its North Alexandria concession during the current fiscal year.<\/p>\n

EXPANSIONS-<\/p>\n

Sabbour Consulting expands to KSA:<\/strong> Engineering consulting firm Sabbour Consulting signed an agreement with Nasser Nassif Engineering Consultancy to set up a consultancy firm in Saudi Arabia \u2014 dubbed Sabbour KSA, it said in an online post<\/a>. Sabbour Consulting has been eyeing<\/a> four potential projects totalling SAR 3 bn in KSA, including a residential compound, residential towers, a tourist resort, and a residential project in the Neom development.<\/p>\n

DEBT-<\/p>\n

Fresh details emerge about Misr Petroleum\u2019s newly confirmed multi EGP bn syndicated<\/strong> loan: <\/strong>State-owned Misr Petroleum inked a syndicated loan agreement with nine banks for EGP 10 bn, according to a statement (pdf)<\/a> from the National Bank of Egypt that confirmed earlier unconfirmed reports<\/a> \u2014 and added some fresh details. <\/p>\n

The breakdown:<\/strong><\/p>\n