During the meeting, which was attended by Minister of Petroleum and Mineral Resources Tarek El Molla, Sisi highlighted the importance of this vision, within the framework of backing the state’s comprehensive developmental plan, in helping the exploration of mineral resources nationwide and the enhancement of the mining sector's contribution to the Gross National Product. The meeting also discussed the efforts and plans of the Petroleum Ministry in developing various sectors, including petrochemicals and gas production and distribution. Late in June, Egypt discovered new goldmine in the Eastern Desert, with reserves estimated at more than one million ounces of gold, according to Molla. Molla clarified in a statement that the new discovery is located in the concession area of "Shalatin" Company for Mineral Resources. The Egyptian General Mineral Resources Authority, the National Service Projects Authority, the National Investment Bank and the Egyptian Mineral Resources Company contribute to Shalatin.

Source: Egypt Today July 12, 2020 10:52 UTC