Talks with Egypt's Sawiris over memining have halted: Minister

Reuters , Thursday 19 Nov 2020

Sawiris chairs private gold mining group La Mancha and said in February that he was holding talks to acquire a 51% stake in Shalateen

Molla
Egypt's Business Tycoon Naguib Sawiris (L) and Egypt’s Petroleum Minister Tarek El-Molla (R) (Photo: Al-Ahram)

Negotiations with Egyptian businessman Naguib Sawiris over his bid for a stake in the state-owned Shalateen mining company have halted, Egypt’s petroleum minister said on Thursday.

Sawiris chairs private gold mining group La Mancha and said in February that he was holding talks to acquire a 51% stake in Shalateen.

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