Latest news with #YasserRamadan
See - Sada Elbalad
18-07-2025
- Business
- See - Sada Elbalad
Petroleum Min. Signs MoU with China's Asia Potash to Boost Phosphate Exploration
Taarek Refaat The Ministry of Petroleum and Mineral Resources has signed a memorandum of understanding (MoU) with China's Asia Potash Group, aiming to enhance cooperation in phosphate exploration and maximize the added value of this vital mineral. The MoU was signed by Yasser Ramadan, Chairman of the Egyptian Mineral Resources Authority (EMRA), and Zhang Yuyi, Vice President of Asia Potash, during a ceremony attended by Minister of Petroleum and Mineral Resources, Karim Badawi. Following the signing, Minister Badawi highlighted that this partnership aligns with the ministry's broader strategy to modernize the mining sector and significantly increase its contribution to the national economy. Currently contributing less than 1% to the GDP, the ministry's goal is to raise this figure to 5–6%, by attracting serious investments and expanding high-value downstream activities. 'This agreement supports our vision of developing a comprehensive and integrated system for optimizing the use of mineral resources,' the minister said. 'By partnering with experienced international companies like Asia Potash, we are opening the door to new opportunities in geological exploration, reserve evaluation, and the establishment of value-added industries.' Phosphate, widely used in agriculture and industrial applications, is one of Egypt's key mineral assets. The collaboration aims to assess reserves, explore untapped deposits, and study the potential for setting up downstream industries that convert raw phosphate into higher-value products, such as fertilizers and specialty chemicals. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks Sports Get to Know 2025 WWE Evolution Results Arts & Culture Hawass Foundation Launches 1st Course to Teach Ancient Egyptian Language
Zawya
16-07-2025
- Business
- Zawya
Petroleum Ministry signs mine exploitation deal with Centamin at Egypt Mining Forum
Arab Finance: The Ministry of Petroleum and Mineral Resources signed a mine exploitation agreement with the Mineral Resources and Mining Industries Authority and Centamin Central Mining, according to a statement. The signing, witnessed by Minister of Petroleum and Mineral Resources Karim Badawi, came on the sidelines of Egypt Mining Forum 2025, which kicked off in Cairo on July 15 th. The deal was signed by Yasser Ramadan, Chairman of the Mineral Resources and Mining Industries Authority, and Mohamed Kamal, Chairman of Centamin Central Mining. Meanwhile, the strategic partnership sets the stage for accelerated exploration, sustainable exploitation, and expanded cooperation to unlock Egypt's mineral potential. It also reflects the state's commitment to boosting responsible mineral development and attracting long-term investment into its mining sector. In his opening speech during the event, Badawi commented: 'Egypt is open to all forms of investment, with a particular focus on empowering Egyptian, regional and international investors.' 'We stand ready to allocate additional areas for exploration and prospecting across all mineral types, reaffirming our unwavering commitment to expanding growth opportunities within the mining sector,' he added. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
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
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.
