Canadian mining company Aton Resources outlined its investment and expansion plans in Egypt during a meeting between its General Manager, Cherif Barakat, and Amro Ismail Elsharkawi, the newly appointed Chairman of the Mineral Resources and Mining Industries Authority (MRMIA).
The meeting discussed opportunities for future cooperation, rexamined developments in Aton Resources’ operations in Egypt, and explored ways to support the company’s investment plans and facilitate mining activities.
Elsharkawi stressed the importance of maintaining close coordination with companies operating in the sector and fostering an attractive investment environment that encourages further exploration and mining activities in line with Egypt’s strategy to develop its mining industry.
Aton Resources has an established exploration portfolio in Egypt’s Eastern Desert. In January 2024, the company was awarded a gold mining license for the Abu Marawat Concession, becoming the first international company to receive a gold mining license in Egypt since 2005.
The concession, a gold mining frontier in the Arabian-Nubian Shield, contains Hamama, Rodruin and Abu Marawat deposits, as well as the advancing high-grade Semna gold mine discovery.
