Minister of Petroleum and Mineral Resources Karim Badawi participated in the Fourth International Ministerial Roundtable of the Future Minerals Forum (FMF), held in Riyadh, Saudi Arabia.
The Ministerial Roundtable held under the theme “Towards a Global General Agreement on the Mining Sector.”
During his speech, Badawi reviewed the mining companies’ commitment to evaluating the environmental impact before starting Mining exploration, in addition to the developing work programs to mitigate potential negative impacts, adopting the economic principles, encouraging the use of renewable energy resources in various mining activities, and improving operational efficiency through applying the latest digital technologies, more efficient equipment & vehicles. This approach contributes to reducing waste and emissions.
Badawi asserted that the Mining Sector in Egypt aims at continuing achievements and plans to launch 300 licenses annually, launching at least three international bid rounds, annually, and implement an ambitious plan to increase Mining’s contribution to GDP to around 6%.
Additionally, Badawi highlighted the preparations for launching the Egyptian Mining Portal, which will provide investors with detailed geological data and comprehensive information about licenses. Badawi further reviewed the main aspects of the Egyptian Mining Sector’s strategy to maximize the benefits of critical minerals in clean energy and the green economy domains.
Badawi also participated in the opening activities of the exhibition accompanying the FMF. The ministers inspected the pavilions of the Saudi Ministry of Industry and Mineral Resources and some Saudi and international companies participating in the exhibition. The ministers also inspected the pavilion of the Egyptian mining sector, consisting of the Egyptian Mineral Resources Authority (EMRA), Shalateen Mineral Resources Company, and the New Valley Company for Mineral Resources and Oil Clay (Wadico).
The capabilities of Egyptian mining companies and their successful record in implementing projects inside and outside Egypt were reviewed, as well as the most important available investment opportunities, in addition to opening up areas of work and projects for Egyptian companies outside Egypt.