Minister of Petroleum and Mineral Resources, Engineer Tarek El Molla, met with Marie Lemay, President of the Royal Canadian Mint, and her accompanying delegation. During the meeting, the two officials discussed possible cooperation and partnership opportunities between the two sides in the gold industry in light of the distinguished opportunities offered by the strategy of developing and modernizing the Egyptian mining sector and the Canadian Corporation’s interest in investing in Egypt.
The meeting was attended by Louis Dumas, Ambassador of Canada in Cairo, Alaa Khashab, Deputy Minister for Mineral Resources, and Khaled El Sheshtawy, Chairman of the Egyptian Mineral Resources Authority (EMRA).
El Molla welcomed the prestigious Canadian institution, praising its interest in cooperating with Egypt in the field of the gold industry, stating that the ongoing efforts to develop and modernize the Egyptian mining sector require the establishment of partnerships on a regular basis with major international companies and institutions to benefit from their expertise and advanced technologies.
Egypt has great advantages in the front of mining investments, such as the availability of qualified human cadres, technology, and infrastructure, the minister noted.
El Molla pointed out the importance of studying and exploring possibilities of cooperation during the coming period with the Canadian Corporation in a number of priority areas for the development and modernization of the gold mining industry in Egypt, foremost of which is the training of human cadres, development and innovation, and studying the establishment of an internationally accredited refinery in Egypt to purify and stamp the produced gold ingots to reach the required purity and quality of 99.9%.
The Ministry of Petroleum and Mineral Resources is studying cooperation with international companies that have the expertise and technology to localize this activity in Egypt, to represent an important addition to the advantages of the Egyptian mining industry, which contributes to attracting foreign investments.
Meanwhile, Lemay expressed her aspiration for a long-term partnership with Egypt in the field of gold mining, especially since Egypt is an important gateway to Africa.
Limay reviewed the capabilities of the Canadian Corporation, which dates back to 1911, explaining its leadership in the field of gold purification and stamping through a specialized refinery, in addition to the fields of marketing, training, knowledge sharing, innovation, and mining consultancy.