|13 February, 2020

Egypt approves first gold mining licence in more than a decade

Egypt passed a new mining law last year in a push to encourage more exploration and mineral production.

Geologist Leonard Karr walks out from an old mine in the Eastern Desert near the southern province of Luxor, Egypt May 20, 2016. REUTERS/Amr Abdallah Dalsh

Geologist Leonard Karr walks out from an old mine in the Eastern Desert near the southern province of Luxor, Egypt May 20, 2016. REUTERS/Amr Abdallah Dalsh

REUTERS/Amr Abdallah Dalsh

CAIRO- Egypt has approved a mining licence for Aton Resources Inc, the Canada-based gold miner said on Thursday, the first such award since the country's main gold producer Centamin secured a licence more than a decade ago.

Centamin received its mining licence in 2005, according to its website.

Egypt passed a new mining law last year in a push to encourage more exploration and mineral production.

(Reporting by Amina Ismail; Editing by Edmund Blair) ((amina.ismail@thomsonreuters.com; +20 2 2394 8114;))

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