Minister of Petroleum and Mineral Resources, Karim Badawi, met with a delegation from AngloGold Ashanti and Centamin Corporations, after the entry of AngloGold into the Egyptian market as a partner to the Egyptian Mineral Resources Authority (EMRA) in Al-Sukari gold mine following its acquisition of Centamin PLC corporation.

The Minister welcomed AngloGold as a new investor in the Egyptian Mining Sector, noting the government’s aspiration for a strategic partnership in the Sukari gold mine and its commitment to developing an attractive environment for investment along with enhancing environmental sustainability in the Mining Sector. Badawi also highlighted the target of increasing the Sector’s contribution to the national GDP by supporting cooperation and facilitating investment.

The meeting included senior officials from the two companies, namely; Marcelo Pereira da Silva, Senior Vice President of AngloGold; Martin Horgan, CEO of Centamin; and Amr Hassouna, CEO of Sukari and Centamin Egypt.

For his part, Da Silva stressed the significance of investing in Egypt, which represents a great opportunity, pointing out his company’s keenness on a long-term partnership in Al-Sukari gold mine and its efforts to unlock more potential in the Mining Sector. Meanwhile, Horgan praised Egypt’s mining potential and that it is on the verge of a new boost in a successful field.