Deep Metals for Minerals buys 50% of Ebrahim Gold
Deep Metals for Metals has signed an agreement to acquire a 50% stake in Ebtedaad for Egyptian Gold Mines, aiming to enhance gold exploration and prospecting activities in Egypt. The deal seeks to increase investments and provide technical expertise to accelerate the discovery and evaluation of reserves, with plans to commence production before the end of the year to boost the national economy and increase the added value of the sector. The company's Vice Chairman noted that Egypt's legislative environment and investment incentives encourage company expansion in the mining industry.
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