New law to regulate mining and quarrying expected to generate EGP 3-4bn annually in returns for the state
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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 …