Minister of Petroleum and Mineral Resources Tarek El Molla met with a delegation from Qazaq Geophysics headed by CEO Galym Nurzhanov.

During the meeting, the delegation presented the company’s technical capabilities and experiences in the mining sector.

For his part, El Molla highlighted the reforms that Egypt has implemented in the mining sector and its efforts in providing an attractive investment climate.

He also pointed out that the last mining bid round succeeded in attracting major companies, giving the country the needed financial and technical momentum to make a quantum leap in the sector. The minister added that Egypt has also been open to the contributions of new expertise and investments in mining techniques, noting the second edition of the Egypt Mining Forum will take place this coming July.

Nurzhanov stated that his company is part of the Kazakhyms Holding Group, which is specialized in mining and is working on exploring new investments opportunities in Egypt.

He mentioned that the company has experience in both the Egyptian mining and petroleum markets, adding that it will transfer its expertise to Egypt. Additionally, the CEO praised Egypt’s decision to amend the mining law as a promising gesture of futur success.