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CAIRO: Mining companies awarded blocks in Egypt’s Eastern Desert are set to start exploring for gold under a legislative overhaul that seeks eventually to unlock vast untapped mineral resources. Despite plentiful reserves and a rich mining history that gave rise to elaborate Pharaonic gold jewelry, Egypt has just one commercial gold mine in operation. Foreign investment in oil and gas has grown, but mining has languished. Now, the country is banking on high gold prices and amended mining laws that scrap red tape and a profit-sharing rule, unpopular in the industry, to lure interest. One yea...

Copper prices hit 8-year high on pandemic-induced government spending and tightening supplies Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file ... This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer Handout If 2020 was the year for gold, 2021 is shaping up to be the same for copper. Copper futures hit an eight-year high on Wednesday, trading as high as US$3.84 a pound on the CME. The industrial metal is being driven higher by rebounding global demand...