PHOTO
Image used for illustrative purpose. Excavators sit idle in a nickel-mining area on the hill of Pomala village in Southeast Sulawesi province September 2, 2012. The most dramatic effect of new regulations on Indonesia's mining industry has been on mineral exports, which surged as companies fought to beat a May 6 export tax deadline and plunged thereafter. Nowhere is the human impact of the slide more visible than in the remote mining communities of Sulawesi, an island east of Borneo and the country's main source of nickel. Picture taken September 2, 2012. To match Feature INDONESIA-MINING/EXPLORERS REUTERS/Yusuf Ahmad
Egypt is planning to launch an online platform to encourage investment by local and foreign companies in mining projects, Addustour newspaper said on Monday.
The new portal will provide geological data and maps for possible metal-rich sites in Egypt besides investment opportunities associated with those sites, the paper said, citing a report by the Petroleum and Mineral Resources Ministry.
“Preparations are under way by the Ministry to launch a mining platform that will give investors access to all data and maps for mineral sites,” the report said.
The report said the platform is part of Egypt’s Vision 2023 which aims to attract large global companies to mining projects in the country.
Read more: Egypt eyes mining investment in new strategy
(Writing by Nadim Kawach; Editing by Anoop Menon)
(anoop.menon@lseg.com)
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