The Egyptian Cabinet approved a draft law on the organization of the Mineral Resources and Mining Industries Authority, during the 31st Cabinet meeting chaired by Prime Minister Mostafa Madbouly
The draft law comes within the framework of the state’s orientation to advance the mining sector and increase the added value of exploiting mineral ores by introducing them into mining industries, and encouraging foreign investments in this field, to maximize the contribution of the mining sector to the national economy.
This is to be achieved by implementing a strategic plan to deal with mineral raw materials, linking them to industrial processes related to industrial activity and industrial complexes, and building the human capabilities based on these industries by implementing intensive training programs according to international standards.
The draft law stipulates that the Egyptian Mineral Resources and Mining Industries Authority shall replace the Egyptian Mineral Resources Authority (EMRA), and all its assets, rights and obligations shall be transferred to it. According to the law, EMRA’s employees shall be transferred to the Mineral Resources and Mining Industries Authority with the same job status and financial benefits, and that they shall continue to be treated in accordance with all the systems and rules that regulate their employment affairs.
Additionally, the draft law stipulates that the Mineral Resources and Mining Industries Authority shall be a public economic authority with a legal personality, and shall be affiliated with the minister responsible for mineral resources affairs. Its headquarters shall be in Cairo Governorate, and it may establish offices or branches for it inside or outside the Arab Republic of Egypt.
