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Tuesday, 8 October 2019

Investors express interest in Egypt’s mining sector

British Principal Verve International President Jeremy Crozier and London’s Capital Drilling CEO Brian Rudd expressed their interest in gold mining and extraction investments in Egypt during a meeting with Oil Minister Tarek El Molla on Thursday, according to a ministry statement. The execs said the recent amendments to the Mineral Resources Act have increased the appeal of Egypt’s mining sector. El Molla separately met with the committee preparing the executive regulations to the new legislation, which he said will aim to remove “all obstacles” facing investors in the sector. The statement made no mention of when the regs are expected to be published in the Official Gazette.

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