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Member Info for Siko


Member Since: Sun, 11th Dec 2011

Number of Share Chat Posts (all time): 1,110
Number of Share Chat Posts (last 30 days): 45

Last Posted: Thu 23:13


Post Distribution over the last 30 days




Thu 23:13


After the abolition of the Geological Survey Authority, EMRA has become the government's partner with Centamin, an intermediate company has been established between CEY and EMRA, named Alsukary, to be responsible for the management, planning, buying and selling , led by Chairman of the Board of Directors from EMRA, and with two members from EMRA were in the mine as partners in the administration, while Centamin company had the Vice Chairman of the Board and two other members, and the Board of Directors and the President of course bear full responsibility before the law and the people in maintaining the mineral wealth of Egypt' gold.

Would it been possible for Egypt that Egyptians see this gold, which is exported from Marsa Alam Airport to Cairo airport and from there to Canada, not for Mubarak Law and Sameh Fahmy's agreement, who proved his integrity in maintaining Egyptian gas, and his role has been confirmed in the extraction and export of the Egyptian gold.

Would it been possible for the king of gold Sami Al Rajhi the Australian-Egyptian to conquer the gold exchanges in the world without Mubarak governments, and the genius of Sami Al Rajhi, all of this and other questions will be answered in the next series of articles, "Alsukary mine", backed by documents.

Thu 23:12


It seems like a series of good articles about CEY & Alsukary would be appearing in the media.. I do not know who is behind it, but it is a very good read. The first part was published today:

almashhad.net/News/1002003.aspx

Egypt has stopped gold mining since the fifties, but President Mubarak who ruled Egypt for thirty years, during which he was able to bring Egypt to this bright picture which we live now, he managed to revive this great industry in Egypt through law No. 222 for the year 1994, and published in the Official Gazette on June 12, 1995, through the agreement signed by the former Minister of Petroleum Sameh Fahmy, the honest man who has been accused of unfairly exporting Egyptian gas at very low prices to Israel, prompting judges in the first trial judgment rigorous imprisonment against him, while acquitted by the Cairo Criminal Court, this wonderful agreement stipulates enable Centamin to search for gold and exploitation in 160sq km from the territory of the Eastern Desert, so that its owner great investor Sami Al Rajhi has been able to transform the Golden mountain to a work colony continues to work out 24 hours a day, six years ago, through strict work rules transformed the Egyptians working in the mine to disciplined Swiss Watches, in order cites the example of the Egyptians ability the shift from disability and laziness, to the activity and work.

To give everyone his rights, we paid a visit to Alsukari where we patrolled the mine surface, which reached a depth of 450 meters, as the picture shows, while the depth of the deep mine reached 1,000 meters under the ground, and perhaps more, according to the audio and video information we have obtained from the workers in the mine and from the former Dean Esmat Al Rajhi, brother of Sami Al Rajhi, the director of security and public relations at the mine.

Any spiteful can not deny that Sami Al Rajhi and his company restored life to the gold industry in Egypt, a wise decision from Mubarak signed by the parliament, whereby Sameh Fahmi agreed, according to the court's ruling, a great contract, and up to writing this article today February 21, 2015, according to data from Centamin, the company extracted and sold 42 tonnes of gold from Alsukari, the Egyptian government got 3%, equivalent to about 1.3 tonnes of gold as royalty.
Wed 23:58


http://www.ahram.org.eg/News/61475/135/364835/%D9%85%D9%84%D9%81-%D8%AE%D8%A7%D8%B5/%D8%A7%D9%84%D9%86%D8%B5-%D8%A7%D9%84%D9%83%D8%A7%D9%85%D9%84-%D9%84%D9%85%D8%B4%D8%B1%D9%88%D8%B9-%D9%82%D8%A7%D9%86%D9%88%D9%86-%D8%AA%D8%B7%D9%88%D9%8A%D8%B1-%D9%85%D9%86%D8%B8%D9%88%D9%85%D8%A9-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1.aspx

Al-Ahram - a leading news agency in Egypt- has published what it claimed to be the approved draft of the IL. It is the only site that has published it as it seems like the government is trying to keep it secret until it gets approved by the president in case any last minute changes.. but from what I watched on TV and heard from various ministers today about what the new law contained, I am sure that this is the final draft that was approved today..

If this version/draft is correct, It does not contain law 32 or anything about third party appeals, instead it states the following:

(The state is committed to respect and execute the agreed contracts, unless it was based on corruption in which case it has to be proved by a ruling from the relevant court).

The ministers said today there would be executive regulations to accompany the IL to explain how every clause would be applied/executed.

I'm not sure if this is the reason for today's drop, but I just thought to let you know what I know...
Wed 10:09


Hot from the press....

http://uk.reuters.com/article/2015/03/04/egypt-investment-law-idUKL5N0W61PI20150304

http://www.el-balad.com/1418685

http://www.almasryalyoum.com/news/details/670332

PM Mehleb has just confirmed that the council of ministers approved this morning the new IL and sent it to president Sisi to be authorized.

PM Mehleb chaired the council of ministers meeting this morning to approve the new IL.

Last night, PM Mehleb also chaired the meeting of high legislation reform committee which approved the final draft of the IL which included a merge between draft of the ministry of investment and the draft of the technical committee of the legislation reform committee.

(First link in English)


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