The Egyptian Mineral Resources Authority (EMRA) has signed a model agreement with AngloGold Ashanti to explore and exploit gold ore and associated minerals in designated zones of Egypt’s Eastern Desert, according to an official statement.
Minister of Petroleum and Mineral Resources, Karim Badawi, hailed the agreement as a pivotal step for Egypt’s mining sector, noting that it marks a fresh chapter that could attract further international investment. “This agreement paves the way for other global mining companies to invest in Egypt’s promising mineral resources, particularly gold,” he stated.
Hoda Mansour, Managing Director and Vice Chairman of Sukari Gold Mine (SGM), and AngloGold Ashanti’s representative in Egypt, praised the government’s ongoing efforts to modernize the mining industry. She commended EMRA and the Ministry of Petroleum and Mineral Resources for removing barriers and facilitating investor operations.
Mansour emphasized that the agreement signals a significant expansion phase for AngloGold Ashanti in Egypt. “This partnership represents a new era of cooperation and reinforces our long-term commitment to Egypt’s mining landscape,” she said.