Egypt Has Potential for Strong Risk-Reward Ratio: Investors at Mining Forum

• Wednesday, 16th July 2025
• by Reem Hossam El-Dein

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.

Wadico is to Launch Egypt’s First Oil Shale Exploration and Production Project

• Wednesday, 16th July 2025
• by Sarah Samir

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.

Badawi Meets International Stakeholders during Egypt Mining Forum

• Wednesday, 16th July 2025
• by Sarah Samir

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.

Egypt Signs Agreements with Centamin, Barrick to Accelerate Mineral Development

• Tuesday, 15th July 2025
• by Doaa Ashraf

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.

Badawi Honors Partners During Egypt Mining Forum

• Tuesday, 15th July 2025
• by Sarah Samir

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.

Egypt Mining Forum Opens to Promote Exploration and Investment

• Tuesday, 15th July 2025
• by Doaa Ashraf

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.

PM Reviews Efforts with Ministers to Secure Egypt’s Energy

• Monday, 14th July 2025
• by Sarah Samir

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.

Badawi outlines Egypt’s Energy Strategy at OPEC Meetings

• Sunday, 13th July 2025
• by Sarah Samir

During the 9th International Seminar hosted by the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Minister of Petroleum and Mineral Resources, Karim Badawi, delivered a keynote address at the ministerial session, "Pathways to a Resilient Energy Landscape." Badawi underscored energy's vital role in economic growth, emphasizing Egypt's balanced strategy for an optimal energy mix. He detailed this approach, which includes boosting oil and gas production, reducing emissions and carbon intensity, and expanding renewable energy and hydrogen use to ensure a sustainable and secure energy future.

UEE Hosts Second Edition of “Women in Influence”

• Sunday, 13th July 2025
• by Sarah Samir

United Energy Egypt (UEE) hosted the second edition of the Women in Influence (WII) event on June 25th in collaboration with Carerha. The event brought together trailblazing women and dedicated allies from the energy sector and other traditionally male-dominated industries, reaffirming UEE’s ongoing commitment to inclusive leadership, gender equality, and the advancement of women across all career stages.

Aton Resources Reports High-Grade Gold, Silver Intersections at Abu Marawat

• Sunday, 13th July 2025
• by Doaa Ashraf

Canadian miner Aton Resources has reported drilling results showing gold grades of 33.86 grams per ton (g/t) and silver grades of 419 g/t at the Abu Marawat deposit, part of its retained exploration areas within the Abu Marawat concession in Egypt’s Eastern Desert. The company has completed 113 drill holes that totaled 9,642 meters on undrilled surface zones with concentrated minerals. It began operations in June 2024 via a diamond drilling program at horizontal and shallow angles to optimize penetration through mineralized rock formations.