According to Egypt Oil & Gas Newspaper ,The Minister of Petroleum and Mineral Resources, Tarek El Molla, is participating in PDAC, the World’s Premier Mineral Exploration and Mining Convention, in Toronto, Canada, to showcase the ministry’s achievements, encourage international investments, and promote the first mining bid round for 2020, according to a press release.
El Molla confirmed that his participation in the biggest mining event in the world reflects the country’s commitment to improve the sector in line with international standards.
On the sidelines of PDAC, an Egyptian delegation from the Chamber of Petroleum and Mining at the Federation of Egyptian Industries (FEI) have participated in a seminar to promote investments in the mining sector in Egypt.
The delegation presented the recent updates and achievements in the mining sector under the Egyptian Modernization Project. The delegation referred to the new mineral resources law and the executive regulation as well as the modifications to the investment law, which promote the investment climate.
Furthermore, the delegation demonstrated the details of the upcoming mining bid round .