Egypt seeks to broaden its partnership with global mining company AngloGold Ashanti beyond operating the Sukari Gold Mine, aiming for a comprehensive strategic alliance, said President Abdel Fattah El-Sisi on the sidelines of the Egypt Mining Forum (EMF 2026). The remarks came during a meeting between the president and the company’s CEO Alberto Calderón, where El‑Sisi stressed that the enhanced cooperation would focus on exploration, technology transfer, technical training, local supply‑chain development, and attracting fresh foreign investment into Egypt’s mining sector.

Calderon said Egypt is among AngloGold Ashanti’s priority investment destinations and outlined plans to increase investment in promising mining sites in the country, according to a statement by the spokesman for the Egyptian Presidency.

The discussions also covered expanding the company’s exploration programs, particularly gold exploration, with El-Sisi stressing the government’s readiness to facilitate AngloGold Ashanti’s activities as part of Egypt’s strategy to expand mining’s contribution to the national economy.

The company acquired Centamin in November 2024 in a transaction that transferred  Centamin’s Egyptian exploration licenses into AngloGold Ashanti’s portfolio. Sukari is Egypt’s largest and first modern gold mine, with production beginning in 2009.

AngloGold Ashanti currently holds a 50% stake in Sukari through its subsidiary Pharaoh Gold Mines, while the Egyptian Mineral Resources and Mining Industries Authority (MRMIA) owns the remaining 50% through the joint operating company Sukari Gold Mines.

Sukari Gold Mine produced 232,000 ounces (oz) of gold in the first half of 2026, keeping production firmly on track to meet its full‑year target of 500,000 ounces.