EGYPT: EIGHT NEW AGREEMENTS ON MINING FOR GOLD IN WESTERN AND EASTERN DESERTS. From: IPR Strategic Business Information Database | Date: March 11, 2007 | COPYRIGHT 2007 Info-Prod (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information) Copyright information

Minister of Petroleum Sameh Fahmi announced the start of legal measures for signing eight new agreements on mining for gold following the cabinet approval of those agreements. The agreements resulted from the first international bid put up by Egypt for foreign companies to mine for gold in Egypt. Those agreements will cover an area of 10,000 square kilometers in the Western and Eastern Deserts with investments not less than $33 million. Mining operations will be carried out by five international companies from Canada, Russia, Cyprus, and the United Arab Emirates The new agreements ...

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