Latest news with #EMRA
Zawya
2 days ago
- Business
- Zawya
China's Kiping Solar Technology to establish solar glass manufacturing project in SCZone
Arab Finance: Kiping Solar Technology, a China-based company specializing in the manufacture of glass panels used in solar energy generation, plans to establish a new industrial project in the Suez Canal Economic Zone (SCZone), as per a statement. On the sidelines of the Egypt Mining Forum 2025, Minister of Petroleum and Mineral Resources Karim Badawi reviewed the Chinese company's scheme to build a facility for producing solar glass panels. Kiping Solar Technology will leverage Egypt's strategic location, the abundance of raw materials required for the industry, and the infrastructure that supports green projects. The two sides also explored potential cooperation between the ministry, the Egyptian Mineral Resources Authority (EMRA), and the Chinese company on this ambitious project, which aims to enhance added-value and provide job opportunities. For his part, Badawi affirmed the government's full support for all investments seeking to transfer technology, expand local content, create job opportunities, and boost the added value of Egypt's mineral resources. During the two-day event, the minister rolled out plans to increase the mining sector's contribution to Egypt's gross domestic product (GDP) to 5-6%. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Daily News Egypt
6 days ago
- Business
- Daily News Egypt
Egypt mining law overhaul to transform mineral authority into economic body
A new amendment to Egypt's mineral resources law will transform the country's mineral authority into an economic entity, a move aimed at boosting investment and increasing the mining sector's contribution to gross domestic product, officials and industry leaders said. Speaking at a panel discussion at the Egypt Mining Forum, lawmakers and a top industry executive highlighted the benefits of the new legislation. The panel was moderated by Dr. Mohamed El-Bagoury, head of legal affairs at the petroleum ministry, and attended by Minister of Petroleum and Mineral Resources, Karim Badawy. Parliamentarian Mohamed Ismail, a sponsor of the bill, said the new law was the result of a legislative evaluation of a 2014 amendment that failed to achieve its desired impact on the mining sector's contribution to GDP. He said that administrative distortions at the Egyptian Mineral Resources Authority (EMRA) were a key challenge, necessitating its transformation into an economic body capable of modernising mining operations, forming economic partnerships, and providing the geological data needed to attract investment. Ismail explained that the new law gives EMRA greater flexibility to set a national strategy for mining industries, allows it to partner with the private sector to reduce investor risk, and enables it to invest in updating geological databases through satellite imagery and modern surveys. He added that a major advantage of the law is the consolidation of authority for granting permits and approvals by including representatives from various government bodies on EMRA's new board of directors. Mohamed El-Sallab, chairman of the parliament's industry committee, said the minister's support for the law was an unprecedented positive gesture. He said the law would allow EMRA to enter into investment partnerships and local manufacturing projects to maximise the economic return from mineral resources instead of exporting them as raw materials. El-Sallab predicted the sector could raise its contribution to GDP to 5%, and possibly even 10%, within three years. Hoda Mansour, managing director of Sukari Gold Mining and a representative of AngloGold Ashanti, said the transformation of EMRA into an economic entity sends a 'real message of confidence' to investors. She noted that AngloGold Ashanti's decision to invest in Egypt for the first time last year came after careful consideration and was driven by the state's positive approach to investment. Mansour praised the minister's engagement with investors and a recent visit by the prime minister to the Sukari mine as signals of genuine political will to develop the sector. Mansour added that the new exploitation contract signed with AngloGold Ashanti is the first of its kind and is based on the latest international laws and standards, which she said opens broad prospects for attracting more investment from major mining companies.
Daily News Egypt
15-07-2025
- Business
- Daily News Egypt
Egypt signs strategic agreements to attract global investment in gold, mineral exploration
Minister of Petroleum and Mineral Resources Karim Badawi oversaw the signing of two key agreements with major international mining companies, reinforcing Egypt's commitment to expanding its mineral resource sector. The signings took place during the Egypt Mining Forum 2025, underscoring the government's efforts to attract foreign investment and deepen strategic partnerships in the mining industry. The first agreement is a licensing contract for the exploration of gold and associated minerals. It was signed by the Ministry of Petroleum and Mineral Resources, the Egyptian Mineral Resources Authority (EMRA), and Centamin Central, a subsidiary of AngloGold Ashanti. The second agreement marks the initialing of a framework agreement between the Ministry, EMRA, and global mining giant Barrick. This agreement lays the groundwork for expanded collaboration and exploration in Egypt's mining sector. Yasser Ramadan, Chairperson of EMRA, signed both agreements on behalf of the Egyptian government. The first was co-signed by Mohamed Kamal, Chairperson of Centamin Central for Mining. The second was co-signed by Mohamed El-Bagoury, Supervisor of the Central Department for Legal Affairs at the Ministry of Petroleum, and Henry Onslow, Director of Exploration for Egypt, Saudi Arabia, Africa, and the Middle East at Barrick. These agreements signal a significant step forward in positioning Egypt as a competitive and attractive destination for international mining investments.
Zawya
10-07-2025
- Business
- Zawya
Egypt: House of Representatives greenlights Centamin's 30-year Sukari gold mine exploitation
Arab Finance: The Egyptian House of Representatives has finally approved the draft law on the exploitation of gold ore and related minerals in the Sukari gold mine, as per a statement. The draft law was submitted by the government to license the project for the Minister of Petroleum and Mineral Resources, in partnership with the Egyptian Mineral Resources Authority (EMRA) and Centamin. It grants Centamin the rights to make use of the Sukari area for a 30-year period. Accordingly, the company is fully commited to self-finance the project, without the state bearing any burdens. Also, Centamin shall carry out regular assessments of the environmental impact of its mineral activities, while complying with environmental protection, general health, and safety standards. The project aims to boost Egypt's economy, provide new jobs, and back the state's efforts to develop the mining sector. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Daily News Egypt
08-07-2025
- Business
- Daily News Egypt
Government pushes mining sector reforms to attract global investment: Petroleum Minister
Egypt's Minister of Petroleum and Mineral Resources, Karim Badawi, affirmed that transforming the Egyptian Mineral Resources Authority (EMRA) into an economic authority will provide it with the necessary tools and capabilities for sectoral development. The transformation, he said, will also facilitate key geological and seismic studies to attract investment by highlighting the country's mining potential. He noted that several ongoing projects are currently focused on conducting aerial and seismic surveys to map mineral resources across Egypt. These efforts form part of a broader national strategy to drive a qualitative shift in the mining sector. Badawi made these remarks during a meeting with members of the American Chamber of Commerce's Mining Committee in Egypt. The meeting was attended by Deputy Minister Moataz Atef, representatives from the Ministry's technical office, and the official spokesperson. The AmCham delegation included Hoda Mansour, Vice President of AngloGold Ashanti; Sherif Barakat, Co-Chair of the Mining Committee and General Manager of Aton Mining; Mostafa El Gebaly, Co-Chair of the Committee and Managing Director of Abu Zaabal Fertilizers and Chemicals; Silvia Menassa, CEO of AmCham Egypt; Dina Nawar, Chief Operating Officer at AmCham; Heba Raslan, Partner at Sharkawy & Sarhan Law Firm; Omar Shawky, Managing Partner at Forvis Mazars Mostafa Shawki; and Nouran El Gohary, Committee Coordinator at AmCham. The Minister emphasised the growing global importance of the mining industry and reaffirmed the Egyptian government's commitment to developing this promising sector. He stressed the country's aim to attract leading international mining firms and position Egypt as a key player in the global mining landscape. The Ministry, he added, is working to expand mining activities and maximise value-added outputs to deliver stronger economic returns to the state. Badawi also praised the longstanding strategic partnership between Egypt's petroleum sector and the American Chamber of Commerce, commending the Chamber's role in encouraging US investment in Egypt. He asserted that this is the ideal time for foreign companies to invest in the country's mining sector. For their part, the AmCham delegation welcomed the government's continued support for mining sector development, particularly the reform of mining agreements and EMRA's restructuring. These steps, they said, are enhancing investor confidence and making Egypt more attractive to global mining companies. The delegation also referenced their recent visit to Washington, D.C., where they observed considerable interest from the US administration in Egypt's mining reforms. They noted a growing push to encourage American companies to explore opportunities in Egypt, especially in critical and rare earth minerals and strategic mining projects.
