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Exploitation of Tin ore |
Project Name |
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Al Egla area & Almoilha – Eastern Desert |
Project Location |
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514 thousand tons in Al Egla , 940 thousand tons in Almoilha |
Project Reserve |
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1.providing new job opportunities
2.contributing to increasing the national income
3.contributing to developing of the zone
4.contributing to redistribution of the population
5.can be considered as a model of mining projects
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Project Description |
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120 tons of tin , 40 thousand tons of quartz & 27 thousand tons of feldspar |
Production Capacity |
|
2 years |
Duration of Implementation |
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10 years |
Project Time scale |
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Almost 18 million pounds |
Total Cost |
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2.5 million pounds |
Annual operating cost |
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Almost 140 million pounds |
Rate of Return of Capital |
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3 years |
Retirement of investment costs |
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The Egyptian Mineral Resources Authority (EMRA) |
Responsible Entity for the Project |
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(EMRA)50% , partner 50% |
Earning ratio |
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The project will be financed by the joint venture company , which will recover its expenses after the production. By the end of the project the ownership will be transferred to EMRA . |
financing |
|
2010 |
Start up date |
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Project proposed for investment |
Current Status |