Fangster,
You are welcome.
Tracked down this,
2020
"The 11 companies won the bid to explore 82 blocs, or 28 per cent of the total and equivalent to 14,000 square km. The winning companies have been given permission to start mining immediately. They will each spend a minimum of $60 million in investments during the early stages of the mining process, Al-Molla said.
Egypt has awarded eight new gold and metal mining exploration licences in the Eastern Desert region, as the government moves forward with a plan to attract foreign investment to the sector and unlock vast untapped mineral resources.
The companies that won the licences are Lotus Gold, AKH Gold, Marine Logistics Gold Mining and Ankh Resources. They join an increasing number of miners that have set their eyes on the West African country, such as Barrick Gold (TSX: ABX) (NYSE: GOLD), B2Gold (TSX, NYSE: BTO) and Red Sea Resources."
July 12th 2021,
"Upon signing the four contracts, the tender’s signed contracts reached 20, signed by 10 companies, with investments worth $47 million.
They were inked by the Egyptian Mineral Resources Authority (EMRA) with both Australia’s Centamin and Canadian B2Gold.
The over $17 million agreements’ license drafts were signed by Martin Horgan, Centamin’s CEO, and B2Gold’s Senior Vice President of Exploration, through video conference. From the Egyptian side, the contracts were signed by Khaled El Sheshtawy, Chairman of the Board of Directors at EMRA.”
60M is a chunk of change and I think it is time B2Gold updates all of us on what is going on in Egypt.
17M Second chunk of change. No update.
Second win that I find that on Google Egypt.
Boing X 2
Bullish
