Witnessed by the Minister of Petroleum and Mineral Resources Karim Badawi, the Egyptian Mining Resources Authority (EMRA) and Aton Resources Company have signed a preliminary agreement to study amending the Abu Marawat Concession agreement.
The Chairman of the Egyptian Mineral Resources Authority (EMRA), Yasser Ramadan, announced that the Authority will finalize and launch its new mining geoportal by the end of the year. The move supports EMRA’s transformation into an economic body, with a dedicated digital platform that provides investors with the up-to-date geological data they need to make informed investment decisions in Egypt.
“We needed to think like an investor. So we had to ask: what does an investor need? An investor needs clarity, stability, and a huge amount of data. Data is crucial for making a decision to invest,” said Ramadan.
Minister of Petroleum and Mineral Resources, Karim Badawi, met with Jesus Lamas, SLB 's Regional President, accompanied by Sherif Bayoumy, the company’s General Manager for Egypt and the Eastern Mediterranean. The meeting focused on the petroleum sector's six core strategic pillars, emphasizing expanded exploration, development projects, and increased oil and natural gas production. The pivotal role of SLB , previously known as Schlumberger, as a strategic partner in initiatives like the Egypt Upstream Gateway (EUG) and regional seismic surveys in the Red Sea and Gulf of Suez, was reviewed.
Investors and mining executives on the second day of the Egypt Mining Forum said that recent government reforms are improving the country’s appeal as a mining destination, citing a better risk-reward balance and increasing openness to foreign investment.
Speaking at one of the panel discussions on the second day of the forum, Mostafa Talaat, CEO of Egypt-based junior exploration firm ANKH Resources, praised the Cabinet’s efforts to foster transparency and open dialogue, saying these measures are encouraging companies to grow.
New Valley Company for Mineral Resources and Oil Clay (Wadico) signed a strategic cooperation agreement with the global BCM Group. This agreement is set to launch the first project of its kind in Egypt for the exploration and production of oil shale.
On the sidelines of the 4th edition of the Egypt Mining Forum (EMF), Minister of Petroleum and Mineral Resources, Karim Badawi, held a meeting with Gillian Doran, CFO and Executive Director at AngloGold Ashanti; and Hoda Mansour, Managing Director and Vice Chair of Sukari Gold Mines. The meeting discussed ways to enhance cooperation with the Egyptian government to accelerate the granting of exploitation rights, especially for start-up companies. This aims to expand the base of mining investment and increase exploration activities, both in the Sukari region and in new concession areas.
During the opening ceremony of Egypt Mining Forum, Egypt signed two agreements with leading international gold mining companies aimed to develop the mining sector in line with Egypt Vision 2030. Chairman of the Mineral Resources and Mining Industries Authority (MRMIA), Yasser Ramadan, has signed an exploration license agreement for gold and associated minerals with Mohamed Kamal, Chairman of Centamin PLC Central Mining, a subsidiary of AngloGold Ashanti. Moreover, Chairman yasser Ramadan and Head of Central Administration for Legal Affairs at the Ministry, Mohamed El Bagoury have signed a framework agreement with Henry Onslow, Exploration Manager at Barrick Mining Corporation.
During the fourth edition of the Egypt Mining Forum (EMF), Minister of Petroleum and Mineral Resources Karim Badawi presented recognition awards to the key partners supporting Egypt’s mining sector in its ongoing reform journey.
The Egypt Mining Forum has kicked off its fourth edition at the Nile Ritz Carlton hotel today in Cairo. The two-day event is held under the theme 'Accelerating Commercial Exploration, Discovery and Extraction and Achieving Value Added from Raw Materials', to highlight Egypt's vast mining potential and promising investment opportunities in the exploration, search, and extraction of gold and minerals, as well as the manufacturing of mineral raw materials, according to a statement by the Ministry of Petroleum and Mineral Resources.
Prime Minister Mostafa Madbouly held a meeting with Karim Badawi, Minister of Petroleum and Mineral Resources; and Mahmoud Esmat, Minister of Electricity and Renewable Energy, to discuss several issues, including the efforts to secure the necessary fuel for operating power plants, the executive status of new and renewable energy projects connected to the national grid, and the status of payment arrears owed to foreign partners.
