According to Egypt Oil & Gas Newspaper,Egypt’s mining bid round became the highlight of PDAC; World’s Premier Mineral Exploration & Mining Convention in Canada, as the convention came to a close, according to a press release.
On the sidelines of the convention, Minister of Petroleum and Mineral Resources, Tarek El Molla, met with Canada’s Minister of Small Business, Export Promotion and International Trade, Mary NG, and discussed ways to reinforce the mining industry in both countries. Additionally, El Molla presented the ministry’s plans to develop and modernize the mining sector.
In a discussion with El Molla, Rob Krcmarov, Executive Vice President of Exploration & Growth at Barrick Gold Corp., expressed the company’s interest in Egypt’s mining market which is expected to flourish in the upcoming period.
Furthermore, Nicholas Cotts, Vice President of Sustainability and External Relations at Newmont Mining Corporation, mentioned the company’s intent to enroll in the upcoming bid round, whereas Stan Bharti, Founder and Executive Chairman of Forbes & Manhattan, confirmed his enrollment in Egypt’s mining bid round.
Head of Franco-Nevada company highlighted the interest that foreign investors show in the mining sector in Egypt, especially in the Eastern Desert due to the continuous development in Egypt’s mining sector.