Freeport Initials Sulfur Exploration Agreement vith Egypt
Freeport Sulphur Company of the US has initialed an agreement with the Egyptian Geological Survey and Mining Authority (EGSMA) to explore for sulphur in 1,250 sq. kas. in al-'Arish area in Sinai. The agreement, which has to be approved by the Egyptian Council of Ministers and ratified by the People's Assembly (parliament), provides for an initial exploration period of two years during which Freeport is required...
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