Egypt's Shalateen Mineral Resources Company, which owns the rights to mine gold deposits in Egypt, has contracted with Swiss Gold Company, one of the world's largest gold refiners.
Shalateen Mineral Resources Co grants the renowned Swiss company that won the latest tender, unconstrained rights to mine for gold, according to the new pact.
Shalateen Mineral Resources Co was established by the Egyptian authorities to regularize the status of gold seekers in the country.
In that respect, the Egyptian mining company awarded blocks in the Eastern Desert, and has been starting exploring for gold under a legislative overhaul that seeks eventually to unlock vast untapped mineral resources.
It's worth mentioning that Swiss Gold is dedicated to producing fine gold bars like 9999 Gold Bullion Bars.
Contributed by Ahmed Emam.
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