Canada’s Lotus Gold pens $2.5mln gold exploration contracts in Egypt

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Egypt is working to localize a sustainable mining industry with modern technologies and advanced laboratories

Staff Writer, Arab Finance

November 27, 2023

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The Egyptian Mineral Resources Authority (EMRA) and Canada-based Lotus Gold Corporation have signed gold exploration contracts with investments estimated at about $2.5 million, the Egyptian Ministry of Petroleum and Mineral Resources revealed in a statement.

Moreover, Minister of Petroleum Tarek El-Molla followed up on the business development of both AKH Gold and Ebdaa Gold Mine in Egypt.

Egypt is working to localize a sustainable mining industry with modern technologies and advanced laboratories, El-Molla said.

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