AngloGold Ashanti | Egypt Oil & Gas

Badawi: Egypt to Launch “Exceptional”Mining Forum Edition in September

From inside the Sukari Gold Mine, one of the world’s leading gold mines, Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi announced the launch of an exceptional edition of the Egypt International M ...

AngloGold Ashanti Gross Profit from Sukari Mine Jumps 80% in Q1 2026

AngloGold Ashanti’s Sukari mine in Egypt delivered gross profit of $292 million in the first quarter (Q1) of 2026, marking an 80.25 % increase from its level in Q1 2025. Moreover, the total cash cost per ounce pro ...

Badawi, AngloGold Discuss Expanding investment, Training Cooperation

During an official visit to London as the head of the Egypt‑UK business mission for mining, Minister of Petroleum and Mineral Resources Karim Badawi held talks with Hoda Mansour, Managing Director and Vice Chairwo ...

Madbouly, AngloGold Discuss Plans to Increase Sukari Mine Output

Mostafa Madbouly, Prime Minister, reviewed operational developments at the Sukari gold mine in a meeting with AngloGold Ashanti, operator of the mine. The meeting was attended by Karim Badawi, Minister of Petroleu ...

Egypt Reaps $295M from Sukari Gold Mine in 2024

Egypt received $295.2 million total from the Sukari Mine during 2024. This was divided into $15.42 million in taxes, $28.78 million in royalties, and $251 million in dividends, according to AngloGold Ashanti's dis ...

AngloGold Ashanti Doubles its Earnings, Cash Flows in Q2 2025

The global gold mining company,  AngloGold Ashanti, reported more than  100 per cent increase in both its earnings and free cash flow in the second quarter of 2025 (Q2 2025) compared to the same period last year. ...

Badawi Meets International Stakeholders during Egypt Mining Forum

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; a ...

$2bn Sukari Gold Mine Poised for Growth: Madbouly

The deposits in Sukari Gold mine (SGM) are expected to exceed the initial estimates as shown by recent prospecting studies, Prime Minister Mostafa Madbouly stated following his two-day field visit to the mine in M ...

Madbouly Inspects Sukari Gold Mine, Reveals Plans to Develop the Mining Sector

Prime Minister, Mostafa Madbouly conducted a site visit to Sukari Gold Mine (SGM) in Marsa Alam, where he met with executives from AngloGold Ashanti,co-owner of SGM, alongside Minister of Petroleum and Mineral Res ...

AngloGold Ashanti Expands Investment in Egypt with New Gold Exploration Deal

Minister of Petroleum and Mineral Resources Karim Badawi attended the signing ceremony of a model agreement for the exploitation of gold ore and associated minerals in certain areas of Egypt's Eastern Desert, betw ...

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