Egypt to host special edition of Mining Forum in September
Minister of Petroleum and Mineral Resources Karim Badawi announced the launch of a special edition of the Egypt Mining Forum, set for September 28-29 in the New Administrative Capital under the patronage and in the presence of President Abdel Fattah Al-Sisi. The announcement came during Badawi’s visit to Sukari Gold Mine, Egypt’s largest mining operation and one of the world’s leading gold producers.
The forum is expected to draw wide international participation from major mining companies and investors, reflecting Egypt’s sweeping reforms and rapid sectoral developments. Badawi said the new edition signals the start of a different phase for Egypt’s mining industry; focused on enhancing competitiveness, expanding cooperation with global leaders, and positioning Egypt as a regional hub for mining industries.
He emphasized that sector development aligns with President Al-Sisi’s directives to create a qualitative leap in mining and maximize the economic value of Egypt’s mineral wealth, with the goal of raising mining’s contribution to GDP from around 1% to 6% in the coming years.
Badawi described the forum as a key international platform to strengthen investment and cooperation opportunities, particularly amid ongoing legislative and regulatory reforms designed to attract foreign investment and optimize resource utilization. The event will serve as a meeting point for governments, investors, mining companies, and global experts to explore opportunities within Egypt’s evolving mining landscape.
During his Sukari Mine tour, Badawi inspected operational areas including the open-pit mine, equipment workshops, and the gold processing plant, which now produces over half a million ounces annually following AngloGold Ashanti’s entry as an investment partner. Sukari ranks among the world’s top 15 gold mines and is classified globally as a Tier One mine.
The minister highlighted Egypt’s accelerated efforts to establish an attractive investment environment, including transforming the Mineral Resources Authority into the Mineral Resources and Mining Industries Authority—an independent economic entity with greater flexibility to manage revenues, attract investment, and market opportunities. This transformation followed parliamentary approval and presidential ratification of amendments to the governing law, aligning Egypt’s mining framework with international best practices.
Badawi added that Egypt has introduced a more investment-friendly legislative framework for gold and mineral exploration, alongside incentives for early-stage exploration companies. Executive procedures to activate these reforms are being finalized after Cabinet approval of the law’s executive regulations. He also revealed preparations for a digital mining investment portal to streamline and accelerate investor procedures.
Egyptian Mineral Resources and Mining Industries Authority Chairperson Yasser Ramadan reviewed reforms including the authority’s transformation, adoption of globally recognized tax and royalty models, and new incentives for exploration investors.
Hoda Mansour, Regional Vice President of AngloGold Ashanti in Egypt, said the company’s decision to invest in Sukari Mine in late 2024 reflects strong confidence in Egypt’s investment climate. She noted Egypt is the first Middle Eastern market entered by AngloGold Ashanti, the world’s fourth-largest gold mining company, praising the highly qualified Egyptian workforce—97% of Sukari’s employees are Egyptian. Mansour commended the partnership with the government and ministry, adding that a meeting with Minister Badawi left a highly positive impression that encouraged the company’s investment decision.
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المصدر: Daily News Egypt