Petroleum Min contracts gold excavation with EMRA and Shalateen Mining Company
Minister of Petroleum Sherif Ismail - YOUM7 (Archive)
By THE CAIRO POST

CAIRO: The Ministry of Petroleum will soon sign contracts with the Egyptian Mineral Resources Authority EMRA and Shalateen Mining company for gold and minerals ‘ excavation in Aiqat, Garf and Elba Mountains, Measah Valley and Aswan, Al Masry Al Youm reported Tuesday.

“The government aims by assigning the excavation to national entity EMRA to control random excavation, to protect Egypt’s natural revenues and raise the standard of living for people of southern Egypt,” said Minister of Petroleum Sherif Ismail, reported the paper.

Omar Taeama,the head of EMRA, announced that the Authority will seek through the state-owned Shalateen Mining Company to exploit existed mines in the region and to increase the value- added of the mineral wealth and to increase Egypt’s revenues of Mineral wealth, Al-Masry Al-Youm reported.

Interim president Adly Mansour issued Sunday a presidential decree allowing the Ministry of Petroleum to sign contracts with EMRA and Shalateen Mining company  for gold excavation, Al-Ahram News gate reported.

Ihab Badawy, presidency spokesperson, announced that the decision came as a response to the state-owned Shalateen Mining Company’s request to be granted licenses for excavation in Aswan, Halayeib and Shalateen governorates.

Al-Sayyed Salem, general director of the Geophysics unit at EMRA previously told The Cairo Post that the authority discovered large amounts of crude gold in Egypt at the past few months the matter that will increase Egypt’s revenues of this sector.

“Egypt has more than 100 gold mines including the currently working El Sokarry mine so Egypt should exploit this mineral wealth in this critical period,” Salem  recommended.

Recommend to friends

Leave a comment