November 19, 2020

Egypt, Nigeria explore cooperation in mining sector

Egypt Petroleum Minister Tarek el Molla recently held a meeting with Nigerian Minister of State for Mines and Steel Development Uchechukwu Ogah to discuss means of boosting bilateral cooperation.

The meeting took up projects designed for joint action with the aim to best benefit from riches of both countries in light of promising investment opportunities.

Amendments to the mining law have sure helped create an investment-friendly climate, the minister said, noting that a recent global gold bidding has been welcomed by mining companies based on the new system.

Delegations from the Egyptian mining sector have taken part in international gatherings with the aim to promote business opportunities in Egypt in this domain, Molla added.

He made it clear that his Ministry is adopting a strategy meant to achieve optimal economic gains from Egypt's mining riches and achieve value added.

This is done through using mining materials in transformative industries, which bring in big revenues, the minister noted. The two ministers agreed to hold a meeting of mining officials in both countries to outline an initiative for joint action based on common benefits.

Ogah said Nigeria is currently working on amending its own mining law in order to achieve maximum economic gains from riches. Egyptian companies had shared their know-how in different fields with African states during Egypt's presidency of the African Union, Ogah added.

He praised the advanced working system applied in Egyptian companies, voicing desire to benefit from their expertise in the fields of energy, mining and infrastructure.


Categories : oil and gas

Finance & Economy

Sarwa Capital to finance low, middle-income housing units

2020-11-26 07:00:00

ArabFinance: Sarwa Capital Holding plans to finance the low-and middle-income housing units with fund amounts up to EGP 1 billion,"...
Read More

Cairo Poultry awarded 2020 Sustainabilit...
November 26, 2020
Eastern Company to invest up to EGP 1.25...
November 26, 2020

Latest News

oil and gas

Aker BP and Cognite Pioneer Robotics Dep...
November 25, 2020
Enppi wins long-dated contract for Saudi...
November 22, 2020
Efficient energy management essential fo...
November 22, 2020