CAIRO – 27 July 2021: The Egyptian Minister of Petroleum, Tarek El Molla, witnessed the signing of 4 contracts to search for gold between the Mineral Resources Authority and the Canadian Barrick Gold Corporation, which is the largest of its kind in the world in the production of gold and is ranked second in the world in the activity of searching for gold. According to the statement, the contracts were signed by geologist Khaled El-Sheshtawy, head of the Mineral Resources Authority, with Joel Holiday, Vice President of Barrick Gold Corporation, via video conference. Tarek El Molla stressed that the reforms undertaken by the ministry in the mining sector succeeded in maximizing Egyptian and foreign investments in the search for gold in Egypt and dealing with the challenges facing this sector in an effort to make optimal use of promising opportunities to search for gold and various mining ores. For his part, the Vice President of Barrick Gold Corporation confirmed that it seeks to build a strong and long-term partnership with Egypt, praising the great development witnessed by its mining sector during the recent period, which confirms that Egypt is on its way to building a strong mining industry. Barrick Gold Corporation was established in 1978, and is headquartered in Toronto, Canada, and it conducts mining operations in a number of countries in the world, such as Canada, Australia, Argentina, Zambia and others.
