Aton Resources secures golden opportunity in EgyptPublished by: Natasha Doris at 26/01/2024The Canadian mining company has been granted the first gold exploitation licence to a foreign company in... The Canadian mining company has been granted the first gold exploitation licence to a foreign company in almost 20 years. Aton Resources has struck a golden opportunity in Egypt, after the Canadian mining company was granted a 20-year mining license on its Abu Marawat Concession in the Eastern Desert. The Abu Marawat Exploitation Lease was agreed between Aton Resources and the Egyptian Mineral Resources Authority (EMRA), and has an option to extend for 10 years after the initial term expires. The exploitation lease was signed at the Egyptian Ministry of Petroleum and was attended by several key figures, including Minister of Petroleum and Mineral Resources Tarek El Molla, EMRA chairman Yasser Ramadan, and Aton Resources interim CEO Tõnno Vähk.
