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Canadian mining firm Barrick Gold, Naguib Sawiris’ La Mancha, and Egypt-focused Centamin are among the companies that have submitted bids in the gold and mineral exploration tender, which closed last week, according to local press
The Egyptian Mineral Resources Authority’s (EMRA) had launched in March the bid for the rights to mine 56k sqkm in the Eastern Desert.
Barrick, La Mancha, Centamin, and “several other” companies are bidding on exploration licenses for 320 blocks under the block-based concession system.
Exploration licenses will be issued for two years and eligible for renewal for two more, with the possibility of a third renewal in the event of technical difficulties.
