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https://arabic.sputniknews.com/arab_world/202011241047298152-%D8%A7%D9%84%D8%AD%D9%83%D9%88%D9%85%D8%A9-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D8%AA%D9%83%D8%B4%D9%81-%D8%B9%D9%86-%D8%A7%D8%AA%D9%81%D8%A7%D9%82-%D9%85%D8%B9-%D8%B3%D8%A7%D9%88%D9%8A%D8%B1%D8%B3-%D9%84%D9%88%D9%82%D9%81-%D8%AA%D9%88%D8%B3%D8%B9%D9%87-%D9%81%D9%8A-%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D8%B0%D9%87%D8%A8/
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The Minister of Petroleum and Mineral Resources in Egypt, Engineer Tariq Al-Mulla, said that the second round was opened when the results of the first bid for gold exploration in the country were announced, last Thursday.
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Al-Mulla clarified, in an intervention with the “last word” program presented by the media, Lamees Al-Hadidi, on the “ON” satellite channel, on Monday evening, that an agreement was reached with Naguib Sawiris to stop the negotiations, after his company won the first bid in nine sectors.
A few days ago, Al Mulla revealed results First bid for gold That was launched last March and garnered the attention of 23 companies that bought packages of information available, according to him For a newspaper Egyptian “Sunrise”.
Tariq Al-Mulla explained, during a conference held last Thursday, that 17 companies submitted for auction, of which 11 companies won 82 sectors on an area of 14 thousand square kilometers in the eastern desert, from the areas that were offered with a commitment to investments of a minimum of $ 60 million in the first stages of research.
And Sawiris finally knew His great interest in investing in goldWhere he revealed that half of his wealth is concentrated in gold-related businesses, announcing in March his intention to increase his investments in this sector.
Sawiris hopes to benefit from easing regulations in Egypt to explore for gold. This year, Egypt announced a new tender to explore for the precious metal in its lands, and held talks with Sawiris about the possibility of Acquisition of a stake in the mining company “Shalateen”.
But mullah Announce the talks have stopped Without giving reasons, and reports indicated that the suspension was caused by Shareholders rejected the idea of the saleHowever, Al-Mulla expected talks to resume again after the end of the pandemic.
Sawiris said, “There may be opportunities to merge now. I think what should happen in many industries are consolidations, whether in telecommunications or the Internet. Even mining companies must merge and join hands because these are difficult times and we need to reduce the overall cost.”
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