Minerals
The remarks came during the eighth consultative meeting of Arab mining and mineral resources in Riyadh.
The meeting discussed efforts to maximize the value-added of minerals extracted from the black sands in Egypt, presenting the map of the various economic minerals found in the black sands in Egypt as well as their industrial applications.
The number of companies that signed contracts for the first round of global bidding No. 1 of 2020, which was put forward by the ministry, becomes 10 international and local companies, and the total signed contracts becomes 20 contracts for research in 56 sectors, with investments exceeding $47 million, according to petroleum ministry’s statement issued, Monday.
Head of the Trade Representation of Russian Federation in Egypt, Aslanov Nikolai, said bilateral trade between Egypt and Russia is valued at $950 million in the first quarter of 2017
A new laboratory will be launched to extract and purify gold in Egypt.
