The Mineral Resources and Mining Industries Authority (MRMIA) has signed a Memorandum of Understanding (MoU) with Türkiye’s OZ Mining to explore the potential for gold ore and associated minerals in the Egyptian Eastern Desert. 

The MoU came to conclude discussions held in April in Türkiye, as well as a series of meetings between the MRMIA team and officials from  OZ Mining, to establish a framework for cooperation and explore the mining opportunities available in Egypt.

Following the signing, Karim Badawi, Minister of Petroleum and Mineral Resources, asserted that this collaboration represents a new step in the Ministry’s ongoing efforts to attract mining investments and encourage international mining companies to expand their operations in Egypt. 

For his part, Taner Yılmaz, CEO of OZ Mining, expressed the company’s ambition to operate at full capacity in Egypt to benefit from the incentives introduced by the Ministry and the country’s appealing investment climate. OZ Mining’s activities span the extraction of gold, silver, and base metals across Türkiye, Africa, and Latin America.