$2bn Sukari Gold Mine Poised for Growth: Madbouly

• Sunday, 18th May 2025
• by Doaa Ashraf

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 Marsa...

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

• Thursday, 15th May 2025
• by Doaa Ashraf

PrPrime 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 Resou...

AngloGold Ashanti Expands Investment in Egypt with New Gold Exploration Deal

• Sunday, 20th April 2025
• by Sarah Samir

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, be...

Badawi Reviews Key Mining Investment Opportunities with AngloGold Ashanti

• Thursday, 20th March 2025
• by Fatma Ahmed

Minister of Petroleum and Mineral Resources Karim Badawi met with a delegation from AngloGold Ashanti, an investor in the Sukari Gold Mine in the Eastern Desert, to review the sector’s latest efforts to attract ...

Badawi, AngloGold Ashanti CEO Hold Talks to Review Current Mining Agreement

• Thursday, 6th February 2025
• by Fatma Ahmed

Minister of Petroleum and Mineral Resources Karim Badawi held a meeting with Alberto Calderon, CEO of AngloGold Ashanti reviewing the latest developments of the exploitation agreement the two parties had previously ag...

MoPMR, AngloGold Ashanti Sign Draft Agreement for Gold Exploration

• Thursday, 5th December 2024
• by Fatma Ahmed

Egyptian Minister of Petroleum and Mineral Resources, Karim Badawi, oversaw the initial signing of a draft agreement with AngloGold Ashanti for gold exploration. The signing took place on the sidelines of the BEBA eve...

Badawi Welcomes AngloGold to Egypt’s Mining Sector

• Thursday, 14th November 2024
• by Sarah Samir

Minister of Petroleum and Mineral Resources, Karim Badawi, met with a delegation from AngloGold Ashanti and Centamin Corporations, after the entry of AngloGold into the Egyptian market as a partner to the Egyptian Min...

Egypt’s Rights in Sukari Gold Mine Unaffected by Centamin-AngloGold Deal, Says MoPMR

• Thursday, 12th September 2024
• by Sarah Samir

The Ministry of Petroleum and Mineral Resources (MoPMR) commented on the acquisition of Centamin, the sole owner of the Pharaonic Gold Mines Company, by AngloGold Ashanti. The Pharaonic Gold Mines Company is a partner...

AngloGold Ashanti to Acquire Centamin Shares in $2.5B Deal

• Tuesday, 10th September 2024
• by Sarah Samir

AngloGold Ashanti will acquire Centamin, an Egypt-focused gold mining company, in a $2.5 billion stock and cash deal. This acquisition will expand AngloGold Ashanti’s operations in Africa, a region rich in gold ...