Minister of Petroleum and Mineral Resources Tarek El Molla stated that the Ministry’s interest in developing mining activity attracts international and national investments to work in this activity.
This came during the Minister’s inspection tour of the Nubian Mining Company’s work sites to search for gold ore and associated minerals in the Eastern Desert, in the Umm Al-Rous mine area in the Marsa Alam region of the Red Sea, with an area of about 175 square kilometers.
El Molla reviewed the company’s progress throughout the first two-year research period in terms of extensive infrastructure, which paved the way to connect all the areas targeted for exploration and drilling to the concession area.
During his inspection of the region and the Umm Al-Rous mine, the Minister pointed out that the reforms undertaken by the Ministry in the mining sector continue to keep pace with all developments in this field and create the appropriate environment for investments.
Essam Hourani, the company’s chairman, confirmed that the company is committed to its investments in Egypt. He added that nothing is more evident than the results it achieved during the first period of research, during which it spent $7.5 million, which resulted in facilities, infrastructure, geological data maps, and promising research and exploration points in the concession area, since receiving the contract for the research period.
The Minister listened to a presentation by Attia Makhlouf, Director of Research and Exploration at Nubian Mines.
During the tour, the Minister opened the laboratory for preparing and analyzing samples extracted from mines, which was established in the concession area and is accredited in accordance with international standards ISO/IEC17025 for examining gold ores and associated minerals.