Minister of Petroleum and Mineral Resources Tarek El Molla has held several meetings at the Egyptian Mineral Resources Authority (EMRA) to follow up on the latest efforts to develop the mining sector and review its development and modernization programs to increase the sector’s share in the national economy.
The minister has conducted a meeting to discuss the evaluation study which was prepared to construct a mining and gold services center in the Eastern Desert funded by the World Bank (WB).
Another meeting was held by El Molla to showcase the detailed report of the technical committee to confirm the reserves of the phosphate in cooperation with a number of giant phosphate companies. During this meeting, the minister affirmed that this report is one of the important steps towards maximizing the added value of the mining sector noting that Egyptian phosphate companies have the needed expertise to achieve high revenues from such material.
El Molla pointed out the importance of the continued talks between EMRA, investors and the ministry to find innovative solutions to overcome any challenges and effectively handle any obstacles could be faced
The study elaborated on the recommendations of the phosphate companies to accelerate the completion of confined reserves at their current concessions and to do this in the new concession areas once they got their licenses.