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mel says buy !!, page-5

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    Not a bad translation:

    EnglishSpanishArabicImmediate response from the Egyptian government is required to adopt the law on mineral resources, launched the Board of Directors of the Company International "Gibbsland" John Starink.
    Ayman Rochdi




    This is likely, as he reveals, attract foreign investment, just like what happened in Australia, Canada and Eritrea.
    Note that mineral wealth is one of the main resources of the national income. However, there are several barriers to obtaining work permits, and endorsements that should get tourism development agency and the Ministry of Petroleum to exploit the land and mines, for the establishment of projects .
    Mr Starink revealed that his company had taken five years to get the approval of the Egyptian government for the installation of a line of pumps to bring water to work sites. He further confirmed that the company "Tantalum Egypt" is a part of society nun "Gibbsland" and is committed to its investment in the Egyptian territory, despite the events of burning conditions and political tensions that govern the country.
    A promising wilderness
    The manager emphasized the wealth of the Egyptian desert, which shows as promising for investments in metals. Starink was speaking at a press conference, and thus confirmed that the General Organization of mineral wealth had approved grant additional land to the company for the production of tin in the region, "Al- Agla "without adding other charges to the Egyptian government, and whose profits would be distributed on the first day of production.
    This project should provide about 120 additional employment opportunities. Starink nevertheless stressed that the Egyptian government refused to grant them new areas for exploration and extraction of gold and copper. He pointed out that the problem of obtaining a license, granted by the Ministry of Defence to foreigners, had obstructed their activities in search of gold in the area of ??"Wadi Al-Allaqi." He added that the company was committed to pump new investments to support the Egyptian economy and expand employment opportunities for young people, while noting that the volume of production of tin present, accounted for a rate small compared with global production. Courses tin have also been good in the past five years, he said. Starink explained that tin was mainly used in electronic circuits, hence its importance.
    Income remarkable
    Negotiations are under way with Egyptian banks for a loan amount of $ 110 million, which represents 50% of the value of new investments, while the company would continue the project through self-financing, he observed.
    Starink told this, that Egyptian banks had proceeded to appoint a financial advisor and technical study and evaluate the project on the economic and technical.
    He then emphasized the importance of the production of tin and tantalum (tantalum), as it would provide a big boost to the Egyptian economy and would guarantee investment income remarkable. The main project would have a schedule, and we begin to work in the first half of the year.
    It is expected that the project would take 18 months after approval of the Egyptian banks on funding, which is estimated at around 225 million dollars. Starink noted that the company was working on this in the production of tin, until the beginning of the production of tantalum, while advancing numbers for this production, which is expected to reach 25% of world production. 50% of the production of tantalum between the industrialization of electrical appliances, cell phones, computers and laptops, and 25% from the aircraft industry, while the remaining 25%, industry entrents plates medical use in surgery to fix fractures
 
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