Shalateen Negotiations with Sawiris Come to a Stop
Negotiations between the government and Naguib Sawiris, an Egyptian businessman, over acquiring a 51% stake in the state-owned Shalateen mining company, have come to a stop.
Mining | Egypt Oil & Gas - Part 5
El Molla Announces Gold Bid Round Results, Launches New Tender
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 f ...
Aton Closes First Tranch of Private Placement at $160,000
Aton Resources has closed the first tranche of $160,000 from its previously announced non-brokered private placement by Mining and Manufacturing Company (MEDAF).
Aton to Drill Abu Gaharish Concession in 2021
Aton Resources has announced that drilling for Abu Gaharish concession by January 2021.
Centamin’s Sukari Production Hikes by 31% YoY
Centamin’s production from the Sukari gold mine increased by 31% year-on-year (YoY) in Q3 2020 with 128,240 ounces (oz) of gold compared to 98,045 oz in Q3 2019.
Centamin Suspends Operations at Sukari Pit
Centamin has announced that it will suspend its operations in the Sukari open-pit Stage 4 West wall after detecting movement in a localized area of waste material, according to a press release.
Total Lubrifiants Expands Presence in Lubricants Market
Total Lubrifiants, the world’s fourth-largest international lubricants company, has announced the acquisition of Lubrilog SAS.
Aton Borrows $77,000 from Bridge Loan Facility
Aton Resources Inc. drew $77,000 in accordance with its bridge loan facility with Ou Moonrider
Aton Cedes 25% of Abu Marawat Concession
Aton Resources Inc. ceded 25% of its fully-owned Abu Marawat concession located in the Eastern Desert.
Centamin Appoints Hennie Faul as Non-Executive Director
Centamin company announced the appointment of Henrik “Hennie” Faul to the board as a non- executive director starting from 1st of July 2020.
