Theresa42
Well-known member
Some new agreements for gold (and other mineral) exploration in the Sahara in Egypt...
Google-translated from Arabic:
10 billion dollars for prospecting for gold in the Eastern and Western Sahara
March 9, 2007
Farouk Abdel-Aziz wrote: Minister of Petroleum Sameh Fahmi, Minister of Petroleum and Mineral Wealth, that the next few days will witness the signing procedures 8 new conventions in the search for the gold and associated metals and total spaces search ten thousand square kilometers in the desert east and west with $33 million Ba to cooperate with the five international companies from Canada, Russia, Cyprus and the United Arab Emirates. He said Eng Amjad Ghneim, first undersecretary of the Ministry of Petroleum, the regional president of the International Finance Corporation of the World Bank said that Egypt will one of the most productive areas and exporters of gold in Africa and expected to be the volume of investments in this area in a few years ten billion dollars.
http://www.algomhuria.net.eg/algomhuria/today/fpage/detail04.asp [<< not a permalink - URL will be recycled]
Five international companies looking for gold, Eastern and Western Sahara
Oil Minister: $10 billion investment volume. The supplementary guarantees to provide job opportunities
March 9, 2007
Farouk Abdel-Aziz
Minister of Petroleum Sameh Fahmi, Minister of Petroleum and Mineral Wealth, he decided to start legal proceedings for the signing of eight new agreements to search for gold and its associated metals and exploitation after approval by the Council of Ministers on these agreements resulting from the tender first global search for gold in Egypt, which amounts to research areas where about 10 thousand square kilometers in the desert regions of eastern and western investments no less than $ 33 million with five companies from Canada, Russia, Cyprus and the Emirates.
The minister said that the new agreements for prospecting for gold comes in the framework of the Ministry of Petroleum strategies to achieve optimum exploitation of natural resources and maximizing the added value and contribution to support the national economy and attract foreign investments to support and confirm the reserves of mineral resources and raw materials, new undiscovered for self-sufficiency and export the surplus to save foreign exchange and transfer of technology in this industry and the establishment of complementary industries in addition to the mining industries to provide new job opportunities, especially industry, the search for gold and mineral wealth is labor-intensive industries.
The minister added that the search for gold and production are concentrated in the eastern desert region the South Valley, which is currently intensifying work research and exploration in order to contribute to raising the standard of living of citizens in the context of President Mubarak's directives to accelerate the development of these regions from Egypt.
For his part, Eng Amjad Ghneim, first undersecretary of the Ministry of Petroleum of the mineral wealth was first put up an international tender to search for gold last July under the production sharing. The auction of 23 presentation of the six international companies resulted in the signing of eight new deals after the indicators in the region Mount diabetes, and a great potential and promising for a gold at greater depths below the surface of the earth. He added that these agreements will open the door to attract more international investment companies for the exploitation of gold. He pointed out that the regional president of the International Finance Corporation of the World Bank said that Egypt will become one of the largest areas producing and exporting gold in Africa is expected to be the volume of investments in this industry over the next few years around $ 10 billion. He added that the selection of regions of the search for gold in the Eastern Desert, taking into consideration that the areas containing a group of miners old to provide the necessary information to international companies to prospect for gold. The Western Desert area where the search for gold for the first time characterized by the presence of iron ores, as well as gold deposits He added that in the case of the discovery of gold in these areas will lead to the creation of new industrial cities to accommodate large numbers of employment from the south. He pointed out that such agreements took into account the environmental dimension in the framework of the strategy of the oil sector to give priority to preserve the and protection of the environment.
The Dr. Hussein Hamoudah chairman of the Egyptian General Authority of mineral wealth that the draft new agreements for prospecting for gold and associated minerals include eight agreements in the eastern desert region:
The first agreement in the Fateri in the area of 1745 square kilometers with the Canadian company Alexander Nubia and with a minimum obligations spending about three million dollars. The second agreement in the area of Abu Marwat in the area of 1370 square kilometers with Alexander Nubia Canadian investments 6.5 million $. The third agreement in the Alvoacher in the area of 950 square kilometers with a Russian investments Seville six million dollars. The Fourth Convention in the area or country in the area of 900 square kilometers with a Russian investments Seville six million dollars.
Convention Denjach five in the area in 590 square kilometers with the company saying Matiz Cypriot investments 5.4 million.
The Convention sixth in the Wadi cream in the area of 835 square kilometers with the second commitment of the UAE spent about 64.1 million.
The Convention and seventh in the tanks in the area of 2350 square kilometers with the second commitment of the UAE spent about 3.2 million.
The Convention in the eighth to get the Western Desert in an area of 1345 square kilometers with the Canadian company Kolndik The minimum expenditure commitments for about four million dollars.
He added that the agreements included weight training and skills of personnel of the Egyptian General Authority for mineral wealth to be briefed on the developments and modern technologies for the industry in order to develop a cadre of specialized high degree of efficiency.
http://www.algomhuria.net.eg/algomhuria/today/local/detail00.asp [<< not a permalink - URL will be recycled]
Google-translated from Arabic:
10 billion dollars for prospecting for gold in the Eastern and Western Sahara
March 9, 2007
Farouk Abdel-Aziz wrote: Minister of Petroleum Sameh Fahmi, Minister of Petroleum and Mineral Wealth, that the next few days will witness the signing procedures 8 new conventions in the search for the gold and associated metals and total spaces search ten thousand square kilometers in the desert east and west with $33 million Ba to cooperate with the five international companies from Canada, Russia, Cyprus and the United Arab Emirates. He said Eng Amjad Ghneim, first undersecretary of the Ministry of Petroleum, the regional president of the International Finance Corporation of the World Bank said that Egypt will one of the most productive areas and exporters of gold in Africa and expected to be the volume of investments in this area in a few years ten billion dollars.
http://www.algomhuria.net.eg/algomhuria/today/fpage/detail04.asp [<< not a permalink - URL will be recycled]
Five international companies looking for gold, Eastern and Western Sahara
Oil Minister: $10 billion investment volume. The supplementary guarantees to provide job opportunities
March 9, 2007
Farouk Abdel-Aziz
Minister of Petroleum Sameh Fahmi, Minister of Petroleum and Mineral Wealth, he decided to start legal proceedings for the signing of eight new agreements to search for gold and its associated metals and exploitation after approval by the Council of Ministers on these agreements resulting from the tender first global search for gold in Egypt, which amounts to research areas where about 10 thousand square kilometers in the desert regions of eastern and western investments no less than $ 33 million with five companies from Canada, Russia, Cyprus and the Emirates.
The minister said that the new agreements for prospecting for gold comes in the framework of the Ministry of Petroleum strategies to achieve optimum exploitation of natural resources and maximizing the added value and contribution to support the national economy and attract foreign investments to support and confirm the reserves of mineral resources and raw materials, new undiscovered for self-sufficiency and export the surplus to save foreign exchange and transfer of technology in this industry and the establishment of complementary industries in addition to the mining industries to provide new job opportunities, especially industry, the search for gold and mineral wealth is labor-intensive industries.
The minister added that the search for gold and production are concentrated in the eastern desert region the South Valley, which is currently intensifying work research and exploration in order to contribute to raising the standard of living of citizens in the context of President Mubarak's directives to accelerate the development of these regions from Egypt.
For his part, Eng Amjad Ghneim, first undersecretary of the Ministry of Petroleum of the mineral wealth was first put up an international tender to search for gold last July under the production sharing. The auction of 23 presentation of the six international companies resulted in the signing of eight new deals after the indicators in the region Mount diabetes, and a great potential and promising for a gold at greater depths below the surface of the earth. He added that these agreements will open the door to attract more international investment companies for the exploitation of gold. He pointed out that the regional president of the International Finance Corporation of the World Bank said that Egypt will become one of the largest areas producing and exporting gold in Africa is expected to be the volume of investments in this industry over the next few years around $ 10 billion. He added that the selection of regions of the search for gold in the Eastern Desert, taking into consideration that the areas containing a group of miners old to provide the necessary information to international companies to prospect for gold. The Western Desert area where the search for gold for the first time characterized by the presence of iron ores, as well as gold deposits He added that in the case of the discovery of gold in these areas will lead to the creation of new industrial cities to accommodate large numbers of employment from the south. He pointed out that such agreements took into account the environmental dimension in the framework of the strategy of the oil sector to give priority to preserve the and protection of the environment.
The Dr. Hussein Hamoudah chairman of the Egyptian General Authority of mineral wealth that the draft new agreements for prospecting for gold and associated minerals include eight agreements in the eastern desert region:
The first agreement in the Fateri in the area of 1745 square kilometers with the Canadian company Alexander Nubia and with a minimum obligations spending about three million dollars. The second agreement in the area of Abu Marwat in the area of 1370 square kilometers with Alexander Nubia Canadian investments 6.5 million $. The third agreement in the Alvoacher in the area of 950 square kilometers with a Russian investments Seville six million dollars. The Fourth Convention in the area or country in the area of 900 square kilometers with a Russian investments Seville six million dollars.
Convention Denjach five in the area in 590 square kilometers with the company saying Matiz Cypriot investments 5.4 million.
The Convention sixth in the Wadi cream in the area of 835 square kilometers with the second commitment of the UAE spent about 64.1 million.
The Convention and seventh in the tanks in the area of 2350 square kilometers with the second commitment of the UAE spent about 3.2 million.
The Convention in the eighth to get the Western Desert in an area of 1345 square kilometers with the Canadian company Kolndik The minimum expenditure commitments for about four million dollars.
He added that the agreements included weight training and skills of personnel of the Egyptian General Authority for mineral wealth to be briefed on the developments and modern technologies for the industry in order to develop a cadre of specialized high degree of efficiency.
http://www.algomhuria.net.eg/algomhuria/today/local/detail00.asp [<< not a permalink - URL will be recycled]