Egyptian billionaire Naguib Sawiris unveils new mining fund, La Mancha Fund SCSp
The fund will be dedicated primarily to gold mining.
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The fund will be dedicated primarily to gold mining.
Sawiris said Orascom has long been interested in participating in developing the area.
Endeavour Mining is West Africa’s largest gold producer.
The Egyptian billionaire said the authority’s demands contradict national interests.
Egyptian billionaire businessman Naguib Sawiris has stepped down from his role as the chairman of Orascom Investment Holding.
La Mancha Holdings announced the closing of a $159-million subscription to the shares of Endeavour Mining Corporation.