Egypt
Egypt Seeks More Investments in Mining Sector
Published on : 2019-10-26
Egypt and two world
companies discussed boosting cooperation in the mining domain.
This came in a meeting between Minister of Petroleum and Mineral Resources
Tareq el Molla with Jeremy Crozier, President of Principle Verve International
and Brian Rudd, CEO of Capital Drilling.
The meeting tackled investment opportunities after the amendments of the new
mineral wealth law, especially since the two companies have a long history of
nearly 30 years in the field of mineral exploration and mining industry in
Europe, North America, Africa and Australia.
Molla reviewed Egypt's geological advantages and its open mines, which can be
operated throughout the year due to the existence of an infrastructure that
helps and encourages mining work.
The heads of the two companies expressed their willingness to invest in the
field of gold exploration in Egypt in light of the political and economic
stability and future plans of the Ministry of Petroleum to develop the mining
sector in Egypt.
The meeting was attended by Fekry Youssef, Petroleum Undersecretary for Mining
and Geological Affairs and Osama Farouk, Chairman of the Mineral Resources
Authority.