Latest news with #EgyptianMineralResourcesAuthority
Zawya
09-07-2025
- Business
- Zawya
Government pushes mining sector reforms to attract global investment: Egypt's 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. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
Daily News Egypt
16-06-2025
- Business
- Daily News Egypt
Egyptian government, Elsewedy discuss expanding cooperation in petroleum, mining sectors
Minister of Petroleum and Mineral Resources Karim Badawi met with Ahmed El Sewedy, CEO and Managing Director of Elsewedy Electric, to discuss avenues for expanding joint cooperation in the fields of petroleum, mineral resources, petrochemicals, and green energy. During the meeting, Badawi presented the six foundational pillars of the Ministry's strategic plan, highlighting extensive investment opportunities within Egypt's petroleum sector and its rapidly developing mining industry. He emphasised the significance of transforming the Egyptian Mineral Resources Authority into the 'Mineral Resources and Mining Industries Authority'—a newly established economic body that is expected to enhance the Authority's operational efficiency, foster better alignment with government and investor interests, and attract both foreign and local investment into the mining sector. This transformation, he noted, is a major step towards positioning Egypt as a regional hub for value-added mining activities. By tapping into both domestic mineral wealth and raw materials imported from African nations, Egypt aims to establish complementary industries that create added value across the supply chain. Badawi also reaffirmed the Ministry's commitment to encouraging private sector involvement across these key sectors, stressing the mutual benefits for the state and investors alike. Ahmed El Sewedy, for his part, reiterated the group's strong interest in investing in mineral resources such as phosphate and kaolin, particularly through the development of downstream industries that enhance the value of these materials. He highlighted Elsewedy Group's broad international presence, with operations in more than 40 countries, and affirmed the company's intention to expand its footprint in Egypt through investments in mining, green energy, petroleum exploration services, and petrochemical industries. The meeting was also attended by senior officials, including Samir Raslan, Undersecretary of the Ministry for Exploration and Agreements; Yasser Ramadan, Chairman of the Egyptian Mineral Resources Authority (EMRA); and Mohamed Radwan, Director of the Egypt Upstream Gateway and Vice President for Agreements and Exploration at Ganoub El Wadi Holding Company for Petroleum.
Zawya
22-04-2025
- Business
- Zawya
EMRA, AngloGold Ashanti sign agreement to tap gold in Egypt's Eastern Desert
Arab Finance: The Egyptian Mineral Resources Authority (EMRA) and AngloGold Ashanti penned a model agreement to exploit gold ore and associated minerals in certain areas of Egypt's Eastern Desert, according to a statement. Minister of Petroleum and Mineral Resources Karim Badawi highlighted that this deal marks a new beginning for the mining sector, and will open horizons for other international mining companies to inject new investments in the exploitation of gold and associated minerals. On her part, Hoda Mansour, Managing Director and Vice Chairman of the Sukari Gold Mine (SGM) and the representative of AngloGold Ashanti in Egypt, lauded the developments in the Egyptian mining sector and the efforts of EMRA and the Petroleum ministry in easing obstacles for the company and investors to accelerate operations. Mansour affirmed that the agreement represents a new phase in expanding AngloGold Ashanti's investments in Egypt. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
24-02-2025
- Business
- Zawya
SLB eyes lithium mining opportunities in Egypt
Chairperson of the Egyptian Mineral Resources Authority (EMRA), Yasser Ramadan, met with representatives from SLB (formerly Schlumberger) to discuss potential collaboration in lithium extraction and critical minerals, in a move to strengthen Egypt's mining sector. The Saturday meeting took place on the sidelines of the EGYPES 2025 conference in Cairo. The SLB delegation included Strategic Programme Manager Kamel El-Khouly and Nicolas Louganskii. Discussions centred on the importance of lithium extraction, considered a priority amid the global shift towards clean energy. El-Khouly expressed SLB's interest in cooperating with EMRA. Nicolas Louganskii highlighted the company's results in the field, revealing its development of an integrated solution for lithium production through direct lithium extraction (DLE), which it said produces lithium faster than traditional methods. He added that operational results have demonstrated high lithium recovery from brine. Ramadan said that EMRA welcomes collaboration with SLB, particularly given the company's expertise and innovative solutions for extracting critical minerals such as lithium. He added that EMRA is giving significant attention to studying potential lithium deposits in Egypt. The meeting concluded with an agreement for a potential memorandum of understanding (MoU) between EMRA and SLB, in cooperation with the Egyptian General Petroleum Corporation (EGPC) and the South Valley Egyptian Petroleum Holding Company (Ganope), to study lithium deposits in Egypt. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
Daily News Egypt
22-02-2025
- Business
- Daily News Egypt
SLB eyes lithium mining opportunities in Egypt following meeting
Chairperson of the Egyptian Mineral Resources Authority (EMRA), Yasser Ramadan, met with representatives from SLB (formerly Schlumberger) to discuss potential collaboration in lithium extraction and critical minerals, in a move to strengthen Egypt's mining sector. The Saturday meeting took place on the sidelines of the EGYPES 2025 conference in Cairo. The SLB delegation included Strategic Programme Manager Kamel El-Khouly and Nicolas Louganskii. Discussions centred on the importance of lithium extraction, considered a priority amid the global shift towards clean energy. El-Khouly expressed SLB's interest in cooperating with EMRA. Nicolas Louganskii highlighted the company's results in the field, revealing its development of an integrated solution for lithium production through direct lithium extraction (DLE), which it said produces lithium faster than traditional methods. He added that operational results have demonstrated high lithium recovery from brine. Ramadan said that EMRA welcomes collaboration with SLB, particularly given the company's expertise and innovative solutions for extracting critical minerals such as lithium. He added that EMRA is giving significant attention to studying potential lithium deposits in Egypt. The meeting concluded with an agreement for a potential memorandum of understanding (MoU) between EMRA and SLB, in cooperation with the Egyptian General Petroleum Corporation (EGPC) and the South Valley Egyptian Petroleum Holding Company (Ganope), to study lithium deposits in Egypt.
