Mining | Egypt Oil & Gas - Part 5

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.

New Saudi Mining Project to Increase Non-Oil GDP by 3%

A new Saudi mining project is expected to increase the country’s gross domestic product (GDP) by $6.4 billion and its non-oil GDP by 3%.

El Molla Meets Cameroon’s Minister of MINMIDT

Tarek El Molla met with Cameroon's Minister of Mines, Industry, and Technological Development, Ernest Gbwaboubou, to discuss supporting the bilateral relations between the two countries in the fields of oil and mining.

Tarek El Molla Flew to Canada for PDAC Convention

Tarek El Molla, is participating in the Prospectors and Developers Association of Canada (PDAC) Convention in Toronto, Canada.

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