Minister of Petroleum and Mineral Resources Tarek El Molla has invited the international mining companies to invest in the concessions area of Shalateen Mining Company for exploring gold and metals, especially after the Iqat discovery which confirms the existence of gold reserves in these areas.

This invitation was made during El Molla’s virtual speech at the opening of Egypt Mining Forum 2022 in which he mentioned the ministry’s latest efforts in developing and modernizing the mining sector.

El Molla affirmed that the current developments within the mining sector provide promising investment opportunities to be hunted by either local or foreign investors. He praised the forum which was attended by a prestigious group of investors seeking to explore commercial deals in Egypt and North Africa.