
Egyptian Mineral Resources Authority targets EGP 2.4bn in profits in FY 2019/20
Government calls on management to develop various investment plans to increase profits
Government calls on management to develop various investment plans to increase profits
New law to regulate mining and quarrying expected to generate EGP 3-4bn annually in returns for the state
These statements came during a conference hosted Monday night by the Canadian Egyptian Business Council to discuss the state of Egypt’s mineral resources, which was attended by a number of businessmen with wide-ranging experience operating in the sector.
Minister of Industry and Foreign Trade Hatem Saleh approved the establishment of a mining holding company at the opening ceremony of the National Vision for Mining Wealth Conference held Tuesday. According to government officials, the move toward establishing a holding company for mining is proposed to boost investment in Egypt’s mining sector and expand mining …