Turkish Mining Company OZ Mining to Explore Gold in Egypt's Eastern Desert
OZ Mining, a Turkish mining company, has signed a memorandum of understanding (MOU) with Egypt's Mineral Resources and Mining Industries Authority to explore gold and other minerals in Egypt's eastern desert. The agreement involves a preliminary study and comprehensive evaluation of mineral deposits in the region, known as the gold triangle. This area, covering over 9,000 square kilometers, is a significant site for mineral resources, including gold, phosphates, and other valuable minerals. The initiative is part of Egypt's broader strategy to attract foreign investment in its mining sector, which is estimated to hold around 2,000 tonnes of gold, nearly 40% of the country's total reserves. 
