EMRA, Aton Resources Establish Abu Marawat Gold Mines Company

Published on : 2024-06-04

Minister of Petroleum and Mineral Resources Tarek El Molla has attended the founding assembly of the Abu Marawat Gold Mines Company as a joint venture (JV) between the Egyptian Mineral Resources Authority (EMRA) and the Canadian company Aton Resources.

The establishment of the JV is an important step to carry out exploration and exploitation work for gold in the Abu Marawat region in the Eastern Desert, in which the Canadian company invests in searching for and exploiting gold and associated minerals.

It is noteworthy that the establishment of the new company marks the beginning of work to exploit the commercial gold discovery achieved in the Hamama and West Rodruin regions within the Abu Marawat concession.

This comes as an implementation of the contract signed between EMRA and Aton Resources for the exploitation of gold ore and minerals discovered in an area estimated at approximately 57.6 km2.

Extractable reserves are estimated at approximately 134,900 ounces of gold and 1.4 million ounces of silver.

During the general assembly, the company’s business plan was approved during the coming period in the Abu Marawat region.

Related Articles

Egypt seeks deferred payment in summer LNG tender, sources say

Egypt is seeking large volumes of gas from global markets this summer with deferred payments of up to six months, terms that market sources said would narrow the list of bidders and increase premiums at a time of high competing demand from Asia.

Read More

Government says extended power cuts to continue till the end of week

The Ministry of Electricity and Energy and the Ministry of Petroleum and Mineral Resources apologized to the Egyptian people on Monday for extending the recently introduced three-hour power cuts until the end of the week instead of on Sunday and Monday previously

Read More

El Molla Reviews GASCO's Operations Amid Increased Consumption Due to Heat Wave

Minister of Petroleum and Mineral Resources Tarek El Molla convened an extensive meeting at the National Gas Control Center of the Egyptian Natural Gas Company (GASCO) to monitor the operational process amid the ongoing heat wave, which has significantly increased gas consumption.

Read More
Wintershall Deaneptune LogoSIEnppipetrojetTransGlobe SCHNEIDER-ELECTRIChempleEgypt gasNorthAlmansooriSKY CTS exxonmobilSchlumberger