The report that the Palestine government had granted concessions for the development of valuable manganese and copper deposits in the Akaba region of the Red Sea is not true, it is officially stated. Only prospecting licenses have been granted to the two Englishmen who were alleged to have received exploitation permits. The statement that the copper and manganese deposits are worth $125,000,000 is exaggerated, the deposits being extremely limited.
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The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.