Egypt’s mining sector is on the right track to attract more international investors following recent regulatory reforms, three executives of international mining companies told Petrocast, the Ministry of Petroleum and Mineral Resources (MoPMR)’s podcast.

“Egypt’s geology offers remarkable potential to attract investors, particularly under the new reforms and regulations now in place,” Khaled Mortagy, Chairman of Capital Limited Egypt.

Mortagy said Capital Limited is preparing to expand its operations in Egypt, as it sees growing opportunities in the sector. The company, which is affiliated with UK’s Capital Limited,  has been working in Egypt for 21 years, particularly in the Sukari gold mines, among other areas. 

He noted that recent reforms, including reduced land rental fees, revised tax and royalty structures, and broader investment incentives, have helped align Egypt’s mining framework with leading African mining jurisdictions such as Tanzania.

Timothy Strong, Executive Director of Australia’s  Marvel Gold, agreed, adding: “Egypt is a really underexplored terrain compared to places like Mali, Burkina Faso, Guinea, and Tanzania. There’s a lot of opportunity here,” Strong said. 

He mainly pointed out the Sukari gold mine as one of the biggest in Africa, noting that it’s not the only one in Egypt and that more prospects are to be found.  

Strong highlighted that previous regulations had made it difficult for smaller companies to commit significant capital to exploration activities, noting that the recent reforms have brought Egypt closer to international best practices and improved its competitiveness as a mining destination.

Timothy Livesey, Mining Executive at UK-based Ritz Mining, further explained how the ministry’s efforts to develop a more conducive regulatory system have led to a positive shift in the mining sector. 

Referring to the junior and mid-tier investors, he said, “As they come in, they will see transparency. They will see a system which is tailored to keeping the administrative costs as low as possible, whilst allowing the companies to put as much money as possible into the ground to do that exploration.”

Ritz Mining is a subsidiary of Capital Direct Investments, part of Capital Limited, which has been providing mining services and support across the exploration and mine development in Egypt since 2005.

The executives’ comments followed their meeting on June 4 with Karim Badawi, Minister of Petroleum and Mineral Resources, to discuss investment opportunities in Egypt’s mining sector, particularly in gold exploration.

They expressed a strong interest in investing in Egypt at this stage, noting that they have long monitored the country’s mining climate. They praised Egypt’s rich geological potential and abundant mineral resources, stressing that combining modern data, advanced technology, and new capital could unlock significant results and promising gold discoveries.

Egypt’s mining sector has undergone significant changes, most notably the transformation of the Egyptian Mineral Resources Authority (EMRA) into an independent economic entity, the Mineral Resources and Mining Industries Authority (MRMIA), in 2025, to streamline licensing and approvals. Alongside this institutional reform, the government has introduced a package of incentives targeting junior and mid‑tier mining companies and, last month, signed an agreement to conduct Egypt’s first nationwide airborne geophysical survey in more than four decades.