Egypt plans to establish a state-backed firm to license artisanal miners and release detainees jailed for illegal prospecting, according to a lawmaker statement following a meeting convened by business mogul Ibrahim al-Organi. The move overhauls the military's enforcement-heavy approach to the precious metals sector. Bringing informal operators into a formal licensing system aims to secure concessions and boost output.
Egypt to license artisanal miners and free detainees
Egypt plans to establish a state-backed company to license artisanal gold miners and release individuals jailed for illegal mining following a Cairo meeting. The move aims to formalize the sector and expand gold operations.
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