EGYPT: EGYPTIAN-AUSTRALIAN VENTURE TO EXPLOIT MINING RESOURCES IN EASTERN DESERT.(Brief Article)

From: IPR Strategic Business Information Database | Date: March 15, 2004 | Copyright information

According to Al-Sharq Al-Awsat newspaper (March 15, 2004), the Egyptian Ministry of Industry signed an agreement with the Australian Gippsland Limited Company to exploit the available mineral resources in the Egyptian Abu Dabbab and Al-Nuwebea regions in the Eastern Desert. The two sides established a joint company, 50% Egyptian and 50% Australian shares, called Egypt Tantalite limited Company to exploit the mineral resources in the two mentioned areas in Egypt. The investment cost...

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