Prime Minister Mostafa Madbouly reviewed operational developments at the Sukari gold mine in a meeting with AngloGold Ashanti, the mine operator. The meeting was attended by Karim Badawi, Minister of Petroleum and Mineral Resources, Hoda Mansour, Managing Director and Vice Chairman of Sukari Gold Mines, and Terry Strong, Senior Vice President of AngloGold Ashanti Africa.
Madbouly expressed appreciation for the partnership between the Egyptian government and AngloGold Ashanti, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR). He confirmed that the two parties have ambitious plans to increase gold production from the mine, a fact that requires coordinated efforts between the company and all relevant government entities to accelerate work and achieve these targets.
Madbouly affirmed his support for any measures aimed at accelerating the pace of work at the Sukari mine to achieve mutual interests for both parties. Badawi reviewed the measures being taken by the ministry to support the mining sector.
He said he values the partnership with AngloGold Ashanti, which is among the world’s 10 largest gold mines and is managed using the most advanced technological systems, according to the statement.
During the meeting, Mansour highlighted several important points for cooperation with the government in the coming period, which will, in turn, contribute to increasing the productivity of the Sukari mine.
“We value our partnerships with the Egyptian government, as our investments in Egypt are exceptionally positive, driven by the strong support and commitment we receive from (the government), which contributes to the success of our joint project,” said Strong.
He added that the company is committed to ensuring that Egypt maximizes the benefits from developing the gold sector by providing job opportunities in the local market and by developing the skills of workers in the sector.
AngloGold Ashanti started managing the Sukari Gold Mine in November 2024, following the successful acquisition of the mine’s former operator, Centamin, thus gaining a 50% stake in the joint venture with the Egyptian Mineral Resources Authority.
