VOL. XLI

No. 23

8-June-1998

EGYPT

Egypt Authorizes Establishment Of First Private Sector Iron Mining Company

Egypt has granted its first iron-prospecting license to a private sector firm tobreathe life into an ambitious government scheme to develop the southern part of thecountry. The Egyptian Minister of Industry and Mineral Resources, Eng. Sulaiman Rida, andthe newly-established Aswan Development and Mining Company (ADEMCO) signed an agreement on2 June to mine and manufacture iron in a remote...