La Mancha, Centamin, Barrick Gold among bidders in Egypt’s gold mining tender
22. September 2020
View : (253)
Canadian mining firm Barrick Gold, Naguib Sawiris’ La Mancha, and Egypt-focused Centamin are among the companies that have submitted bids in the gold and mineral exploration tender, which closed last week, Al Mal reports. The Egyptian Mineral Resources Authority’s (EMRA) had launched in March the bid for the rights to mine 56k sqkm in the Eastern Desert. Barrick, La Mancha, Centamin, and “several other” companies are bidding on exploration licenses for 320 blocks under the block-based concession system. Exploration licenses will be issued for two years and eligible for renewal for two more, with the possibility of a third renewal in the event of technical difficulties.