The deadline for the “Shalateen” auction for gold exploration in Egypt has been extended to November 9
The deadline for the “Shalateen” auction for gold exploration in Egypt has been extended to November 9th
Shalateen Mineral Resources Company, a subsidiary of the Egyptian Ministry of Petroleum, has announced the extension of the global auction for gold and associated minerals exploration until November 9, 2023
Initially scheduled to close on August 10, 2023, the decision to extend the auction was due to the overwhelming interest from international companies during the Egypt Mining Forum
The “Shalateen” auction for gold exploration in Egypt is considered one of the most significant bids offered by Egypt, given the richness of these areas in terms of gold extraction rates
The company has set the value of the bid’s terms booklet at $2,000 and defined the areas available for bidding, along with the price of the data package set at $5,000 for each site
Shalateen has officially published the details of Auction No. 1 for the year 2023 on its website in English, aiming to attract major international companies in the field of research and extraction to participate in this auction
The company has invited all global mining companies to participate in the auction for the exploration and exploitation of gold ore and its associated minerals through the production-sharing system in areas such as “Fateeri, Al-Baramia, Atud, Um Ud, and Hamata” in the Egyptian Eastern Desert
The five areas available for the auction and their sizes are as follows.
Fateeri Area: 368 square kilometers, located between Safaga and Qena at kilometer 30 north of Safaga Road.
Al-Baramia Area: 481 square kilometers, situated on both sides of the asphalt road from Marsa Alam to Edfu, about 120 kilometers west of Marsa Alam
Atud Area: 177 square kilometers, situated on both sides of the asphalt road from Marsa Alam to Edfu, about 50 kilometers west of Marsa Alam
Um Ud and Hanjalat Area: 511 square kilometers, located southwest of Marsa Alam at kilometer 55
Hamata Area: 1220 square kilometers, situated on the Red Sea coast, south of the Egyptian Eastern Desert, and extends for 50 kilometers
