SMRC the Leading Mineral Resources Company in Egypt
Shalateen Mineral Resources Company was established on November 26, 2012 under the decision of the Council of Ministers as an Egyptian joint stock company in accordance with the provisions of the Joint Stock Companies Law No. 159 of 1981 and its amendments, and the Capital Market Law promulgated by Law No. 95 of 1992 and its executive regulations.
Our Mission
- Keeping up with the continuous global development in the field of mining, especially in the field of gold exploration, which provides the best investment opportunities for our partners.
- Giving attention to the presence of a technical team with a high degree of experience in the field of mining.
- Providing investment opportunities for local companies and small investors in the field of gold exploration as well as other ores.
- Taking care to increase the company's capital, as well as the available areas under its umbrella.
- Increasing the state's gold reserves.
- Maintain complete transparency.
- Commitment to the standard foundations of occupational safety, health and the environment.
The purpose of establishing SMRC
- Exploration and exploitation of mineral ores in the Arab Republic of Egypt, while preserving the company's rights to explore and exploit mineral ores in the area between latitudes 22˚ and 24˚ north in the south of the Eastern Desert.
- Exploration and exploitation of gold and associated mineral in 7 concessions (Fatiri – El Barramiya – Atud – Umm Ud – Hamata - Wadi Al Allaqi – (Gabal Iqat – Wadi Meisah – Gabal El Gerf – Gabal Elba – Aswan).
- Re-exploitation of old gold mines.
- Adding value to mining ores.
- Establishing a factory or factories to produce gold, by itself or jointly with others.
- Investing in the field of mineral resources, whether by itself or jointly with others.
- SMRC marketing of mineral ores in the local and international market.
SMRC Concessions
