The Minister of Petroleum and Mineral Resources, Tarek El Molla, witnessed the signing of 10 new contracts for gold exploration with investments more than $11 million.

Altus Strategies announced that its subsidiary, Akh Gold Limited, has been granted four gold exploration concessions for nine blocks in the Eastern Desert, totaling 1,565 km2 by the Egyptian Mineral Resources Authority (EMRA).

Altus Strategies Plc announced that the subsidiary AKH Gold Limited will be awarded gold exploration concession in the Eastern Desert by the Egyptian Mineral Resources Authority (EMRA).

Tarek El Molla, Minister of Petroleum and Mineral Resources, announced the results of Egypt’s gold bid round, where 11 national and international mining companies won the rights for exploring 82 concession areas for gold in Egypt.