Petroleum Minister Talks Cypriot FMC Gold Exploration

Egyptian Minister of Petroleum and Mineral Resources, Eng. Kareem Digital, discussed with the Cypriot mining company FMC the resumption of its activities in gold and mineral exploration in the Eastern Desert, amid positive developments and comprehensive reforms in the Egyptian mining sector. The meeting highlighted new investment opportunities, as the company plans to invest approximately $20 million over the next two to three years and is exploring investment opportunities in open mining areas, reflecting its confidence in the future of the sector in Egypt.

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