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Talks with the government over the equity purchase did not stop as claimed, Sawiris told Hapi.
Earlier this year, the businessman showed interest in acquiring a 51% stake in the mining company, in which the Egyptian Mineral Resources Authority owns 35%.
The Ministry of Petroleum and Mineral Resources Tarek el Molla said in a February press conference that the government commenced talks with Sawiris in a move to encourage investment.
Egypt’s petroleum ministry recently announced a new gold discovery within the concession area of Shalateen Mineral.
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