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Egypt to invest in gold, mineral mining

Egypt is working to increase the exploration of gold and minerals in the Eastern Desert with the aim of attracting investments in the mining sector.
An Egyptian worker holds a mineral sample from the gold mine at Marsa Alam, in the Red Sea hills, Sept. 14, 2006.

CAIRO — The Egyptian Ministry of Petroleum and Mineral Resources announced that Egypt granted eight mining exploration licenses for gold and minerals in the Eastern Desert as part of its efforts to increase investment in the mining sector.

In an official statement published June 1, the ministry said the eight blocks were awarded to English, Canadian and Egyptian companies. 

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