Last quote by Josef El-Raghy
Egypt needs a modern and competitive mining law and then there will be many mines like Sukari, which was created after over $1bn of investment and now employs directly and indirectly approximately 5,000 people. This bid round should be canceled otherwise ground will be held by small companies for many years with no significant investment as was the case with all areas offered in 2006 and 2008.feedback
The latest quote from Josef El-Raghy is: “Whilst Egypt contains many areas that are highly prospective for gold, Centamin will not bid for further ground under the latest terms proposed by EMRA (Egypt's mining agency) in the 2017 bid round.”. It comes from the Miner Centamin won't bid in Egypt gold tender, terms not viable article. You’ll find on this page 1 article with Josef El-Raghy quoted on topics such as Egypt and Sukari. Josef El-Raghy has been quoted 3 times in 1 article.
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Quotes by Josef El-Raghy
Jan 23 2017
Whilst Egypt contains many areas that are highly prospective for gold, Centamin will not bid for further ground under the latest terms proposed by EMRA (Egypt's mining agency) in the 2017 bid round.feedback
Jan 23 2017
The proposed 6 percent royalty rate... is one of the highest globally... Furthermore, the onerous production-sharing terms, the partial cost recovery and the various bonuses due to EMRA create a non-commercial operating environment for any mining investor. Combined, the proposed terms result in an effective tax rate that is by far one of the highest for mining globally.feedback
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