28 February 2017
Egypt: New Gold Tender Announced
After long anticipation, the Ministry of Petroleum and Mineral Resources represented in the Egyptian Mineral Resources Authority has finally announced a new gold tender in relation to seven exploration areas in the Eastern Desert and Sinai on 15 January 2017. Interested investors have been invited by the Egyptian Mineral Resources Authority to submit their bid(s) starting 15 January 2017 and are allowed access to a copy of the proposed production sharing model which shall be executed between the successful bidders and the Egyptian Government. Submission of bids will end at 12 pm on 20 April 2017.