The House Approves New Bill for Mining Sector

The House Approves New Bill for Mining Sector

The House of Representatives approved a bill that allows the Ministry of Petroleum and Mineral Resources (MoP) to exploit quarries and salines that fall within the jurisdiction of the New Urban Communities Authority and in all governorates, according to Al-Ahram. 

The bill aims to grant the Egyptian Company for Mining, Management and Exploitation of Quarries and Salines an obligation to manage and exploit ores according to appendix (A) and for any future projects that maximize its added value.

Additionally, the company will be able to utilize the manufacturing of ores in its various stages and to meet the market needs on a national and international level to support the national economy. This will also benefit society by creating job opportunities for current and future generations, in addition to preserving Egypt’s mineral wealth.

Mohamed Abou El Enein, a Member of the House, commented that the bill is an added value for preserving the national wealth and managing the quarrying and salines in Egypt.


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