The Minister encouraged the company to participate in the upcoming gold and associated minerals exploration bidding, which is expected to be launched in the first quarter of 2025
Minister of Petroleum and Mineral Resources, Karim Badawi, held a meeting with officials from the South African company AngloGold Ashanti, attended by Moataz Atef, Deputy Minister for Minister's Office Affairs, the Technical Office, and the Ministry's Spokesperson.
The meeting also addressed the progress of establishing a mining school in Egypt, aimed at training Egyptian youth in various mining skills. The school, which was initiated by Centamin, is set to begin operations in September 2025.
In addition, the Minister encouraged the company to participate in the upcoming gold and associated minerals exploration bidding, which is expected to be launched in the first quarter of 2025.
The meeting discussed the status of exploration and drilling operations in the concession areas transferred to the company after AngloGold’s recent acquisition of Centamin, the owner of the Sukari gold mine, one of the largest and most important gold mines in the world. The discussion also focused on ways to enhance collaboration between both parties in the future.
Company officials praised the Ministry of Petroleum's efforts in finalizing the exploitation agreement model. Officials from AngloGold Ashanti expressed their intention to invest further in the development of the Sukari mine through additional exploration and development activities.
The meeting also witnessed the signing of a draft agreement for gold exploration between the Egyptian Mineral Resources Authority and AngloGold Ashanti, subject to the completion of all necessary approvals and procedures in accordance with the law.
This meeting is part of Karim Badawi’s participation in the activities of the British Egyptian Business Association (BEBA) delegation in London and continues the Ministry's ongoing efforts to promote the mining sector, enhance investments in gold extraction, and adopt a cooperative and transparent approach based on effective consultations with global partners to ensure successful contractual agreements.
