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El Sisi ratifies key legislation
14. August 2019
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President Abdel Fattah El Sisi has ratified the Mineral Resources Act, which introduces additional incentives for companies to invest in the mining sector. The amendments expand the size of concession areas, grant a new authority the power to issue licenses for areas of unlimited size, and allow companies to renew their licenses for more than one term. Separate contracts will be used for exploration and excavation areas, and royalties will be capped at 20% of the value of annual production. You can read more details about the amendments here.