Egypt

Shalateen Mineral Resources co announces a new commercial gold disclosure

Published on : 2020-06-30

Engineer Tariq Al Mulla, Minister of Petroleum and Mineral Resources, announced the achievement of a commercial disclosure of gold in the Iqaat region in the eastern Egyptian desert, with a reserve estimated at more than a million ounces of gold with 95% recovery rate, which is one of the highest rates of extraction, and with a total investment over the next ten years, more than one billion Dollars.

It is noteworthy that the new discovery is located in the concession area of the Shalateen Mineral Resources Company, while the Wealth and Resources Mining Company undertakes exploration services in the region in accordance with its contract with the Shalatin Company.

Egypt, Italy probe cooperation in petroleum, renewable energy fields

According to a statement on April 22nd

Shell Egypt and Partners Launch 11th Phase Development in Nile Delta Offshore Concession

Shell Egypt, along with partners EGAS, EGPC, and Petronas, have agreed to commence the 11th development phase in Egypt Nile Delta offshore West Delta Deep Marine (WDDM) concession in the Mediterranean Sea.

El Molla Reviews Methanex Plant Progress: Boosting Methanol Production and Sustainability

Minister of Petroleum and Mineral Resources Tarek El Molla recently inspected progress at the Methanex plant in Damietta, reviewing state-of-the-art facilities and production units designed for maximum safety and global sustainability