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Egypt has signed four new gold exploration contracts with Australia’s Centamin and Canada’s B2Gold, Ministry of Oil said in a statement on Monday.
The contracts will see the exploration and development of gold and accompanying minerals in 15 new blocks with investments worth more than $17 million.
Khaled Al-Sheshtawy, chairman of the state-run Egyptian Mineral Resources Authority (EMRA), signed an agreement with B2Gold executives for gold exploration in six blocks with investments of $8 million.
He also signed three more deals for exploration in 19 blocks with Centamin with investments of $9.1 million.
