The Minister of Petroleum and Mineral Resources, Tarek El-Molla, and the Canadian Ambassador to Cairo, Louis Dumas, witnessed the signing of a gold exploration contract between the Egyptian Mineral Resources Authority (EMRA) and Lotus Gold Corporation, one of the largest Canadian mining companies. The statement said that Lotus Gold Corporation participated in the first and second rounds of the global gold bid No. In the second round, the company obtained the three sectors that are covered by the contract that was signed. Before the signing ceremony, El-Molla met with the company’s delegation, which reviewed the progress of work in the first phase of the exploration sectors. The Minister of Petroleum also held meetings with officials from two other companies that participated in the global gold bid: AKH Gold and Ibdaa Gold.

Source: Daily News Egypt November 27, 2023 14:26 UTC