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The official, who asked not to be named, told Reuters "Will be thrown Eastern Desert In front of investors with a system "The blocks" Each stage must be closed four months after its launch.
"The bid will be offered under the royalty and tax system and a government share"According to what I quoted "Reuters".
It is believed that the eastern desert of Egypt is rich in gold, but the complexities and regulatory obstacles have prevented decades of opening it up to private investment.
Is focused Gold production Egypt is currently in Diabetes mine Eastern Desert, run by London-listed Centamin Corporation.
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“The eastern desert will be presented to the” block “system, with each phase closed after four months of its launch, the official, who asked not to be named, told Reuters.
“The bid will be offered under the royalty and tax system and a share for the government,” according to Reuters.
It is believed that the eastern desert of Egypt is rich in gold, but the complexities and regulatory obstacles have prevented decades of opening it up to private investment.
Gold production in Egypt is currently concentrated in the Diabetes Mine in the Eastern Desert, which is run by the London-listed Centamin Company.
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