Sigma Capital

19-05-2025

Egypt pursues integrated approach to develop mining sector | PM

Source: MIST

Business Today-


Prime Minister, Mostafa Madbouly, affirmed that the Egyptian government is adopting an integrated approach in collaboration with Parliament to implement the national plan for developing the mining sector. This includes reforming and modernizing legislative, financial, and investment frameworks to align with international standards.

During his visit on Thursday to the Sukari Gold Mine, Madbouly noted that consensus has been reached on updating gold and mineral exploitation agreements in partnership with major global companies.

This move, he stated, paves the way for attracting more investments into Egypt’s mining sector and increasing its contribution to the national GDP.

Madbouly emphasized the strategic importance of the mineral resources sector and highlighted the state’s commitment to formulating a national strategy for its development. This strategy includes a roadmap focused on several key pillars: enhancing sector performance, leveraging Egypt’s diverse mineral wealth, and expanding extractive industries.

Minister of Petroleum and Mineral Resources, Karim Badawi, echoed these sentiments, stating that creating an attractive investment climate in the mining sector is a top priority at this stage, as it is vital to boosting the sector’s contribution to the national economy.

Badawi explained that transforming the Egyptian Mineral Resources Authority (EMRA) into an economic authority—currently under parliamentary discussion—is a significant step toward achieving this goal. It would play a crucial role in attracting additional investments and maximizing the added value of Egypt’s natural resources.

He also pointed out that the Sukari Gold Mine stands as one of the most successful models in Egypt’s mining industry, thanks to its advanced operational capabilities and highly qualified Egyptian workforce. He praised the mine as a flagship example of successful partnership between EMRA and AngloGold Ashanti, the world’s fourth-largest gold producer.