Egypt will start experimental production and exploration of gold in the area of Iqat in the eastern desert, Minister of Petroleum and Mineral Resources Tareq el Mulla revealed.

During talks with Australian Ambassador in Cairo Glenn Miles, Mulla asserted fuel price hikes globally encouraged international companies to conduct exploration to make new discoveries, given the fact of post-Covid recovery, according to a statement by the ministry Wednesday.

The two sides tackled current conditions in petroleum and gas markets in the shadow of ongoing challenges and the need of natural gas as a transitional fuel at present.

They also discussed energy transition efforts and Egypt’s preparations for hosting the international climate change summit, in addition to mining activities in Egypt and Australia and efforts exerted to develop mineral resources in Egypt.

At the end of the meeting, Miles invited Mulla and Egyptian companies to take part in the international conference for mining and resources in Melbourne, Australia, on October 17-19.

Source: State Information Service Egypt