Cairo - Mubasher: The Egyptian Mineral Resources Authority (EMRA) signed four agreements with Australia's Centamin and Canada's B2Gold for the exploration and development of gold and accompanying minerals in 15 new blocks with investments of more than $17 million, according to a statement on Monday.

As part of the first round of the gold exploration tender launched by the Egyptian government in 2020, a total of 10 local and international companies have signed 20 gold exploration agreements for 56 blocks with investments of over $47 million.

B2Gold signed an agreement for gold exploration in six blocks with investments of $8 million, while Centamin signed three other deals for exploration in 19 blocks with investments of $9.1 million.

The results of the second round of the gold exploration tender will be announced after considering all submitted offers, the Minister of Petroleum and Mineral Resources, Tarek El-Molla, said.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2021 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.