German CyPlus mulls investments in Egypt’s mining industries

Updated 8/9/2023 10:26:00 AM
German CyPlus mulls investments in Egypt’s mining industries

Arab Finance: The Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla has met with the Chairman of the German cyanide producer CyPlus Stefan Welbers to probe investment opportunities in Egypt in the field of mining and supplementary industries, according to a statement on August 9th.

During the meeting, both sides agreed to form a work group to conduct feasibility study on the establishment of a sodium cyanide production plant in Egypt.

They also discussed the technologies used in this industry, the Egyptian market’s needs, and the possibility of exporting and marketing the products.

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