During the opening ceremony of Egypt Mining Forum, Egypt signed two agreements with leading international gold mining companies to develop the mining sector in line with Egypt Vision 2030.
Chairman of the Mineral Resources and Mining Industries Authority (MRMIA), Yasser Ramadan, has signed an exploration license agreement for gold and associated minerals with Mohamed Kamal, Chairman of Centamin PLC Central Mining, a subsidiary of AngloGold Ashanti.
Moreover, Chairman yasser Ramadan and Head of Central Administration for Legal Affairs at the Ministry, Mohamed El Bagoury have signed a framework agreement with Henry Onslow, Exploration Manager at Barrick Mining Corporation.
Following the signing ceremony, Minister of Petroleum and Mineral Resources Karim Badawi affirmed that the mining sector is witnessing tangible development, driven by Egypt’s strategy to maximize the added value of its natural resources, especially gold.
He noted that these agreements reflect international companies’ confidence in Egypt’s investment climate and the evolving mining framework. “This step clearly demonstrates the strong desire of international companies to expand their investments in the Egyptian mining sector, which serves as global proof of major international companies’ confidence in Egypt’s investment climate, reflecting the success of the state’s policy in attracting foreign investments,” he said.
Egypt recorded $446 million in revenues from mineral wealth development in 2025, marking a 131% increase compared to the previous year, Badawi said in his opening speech. He highlighted the most prominent results achieved in the mining sector during the fiscal year 2024/2025.
He noted that total gold and silver production reached 640,000 ounces, representing a 14% increase year-on-year. This growth led to total sales of approximately $1.54 billion, up 57% from the previous year.
The mining sector also reported a rise in ore and mineral production, totaling 26 million tons, an increase of 39% over the previous period.
Additionally, Egypt exported nearly 1.4 million tons of ores and mining products in 2025, generating $52.5 million in export revenues.
