Arab Finance: Engineer Karim Badawi, Minister of Petroleum and Mineral Resources, received a delegation of my company’s officials at the headquarters of the Mineral Resources Authority AngloGold Ashanti And Centamin International, after the entry of Anglo Ashanti Company with its investments in the Egyptian mining sector as a partner of the Mineral Resources Authority in the Sukari gold mine, following its recent acquisition of Centamin Company, which was investing in the mine.
The Minister affirmed the Egyptian government’s commitment to developing the mining sector and creating an attractive environment for investment in this sector and providing great investment opportunities, which is what is currently being worked on through multiple axes, as well as supporting environmental sustainability in its work, pointing to the importance of the mining sector at the current stage due to its potential. This makes it eligible for a greater contribution to the national product, similar to the experiences of many countries, where its contribution does not exceed 1% currently to the Egyptian national product, and there is an opportunity to increase it to between 5-6% in the medium term through intensifying cooperation and integration, facilitating investment, and supporting manufacturing industries for mining ores. .
Marcelo Pereira da Silva, First Vice President of AngloGold Ashanti for the Latin America region, stressed that investing in Egypt is a great opportunity, and we seek a successful long-term partnership in Egypt in the Sukari mine project, as our business portfolio is concerned with long-term projects, noting that the Sukari mine It is a tremendous project and we look forward to discovering more potential in it and further development and growth in Egypt. We have witnessed the success that Centamin has achieved in it through successful cooperation with the Egyptian Mineral Resources Authority. We are also keen on environmental sustainability in mining operations as an important priority for us.
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