Cape Town: Minister of Petroleum and Mineral Resources Karim Badawi participated as a speaker in the main ministerial session held during African Mining Indaba under the theme ‘Forging a United African Mining Front: Collaboration for Sustainable Development’ in Cape Town between the period 3-6 February 2025.
According to State Information Service Egypt, the ministerial session was attended by Gwede Mantashe, Minister of Mineral Resources and Petroleum, Republic of South Africa; Kizito Pakabomba Kapinga Mulume, Minister of Mines, Democratic Republic of Congo; and Paul Kabuswe, Minister of Mines and Mineral Development, Republic of Zambia. The session was moderated by Marit Kitao, Director of the African Mineral Development Centre.
During his speech, Badawi reviewed the Egyptian efforts to develop the mining sector and the related main pillars for work strategy, pointing out that the mining sector in Egypt is witnessing the beginning of the fruits of modernization and seeks to continue building on what has been achieved.
In this context, Badawi touched on the promising opportunities and huge potential of the mining sector in Egypt, which are supported by the new Egyptian government program that aims to attract more investments and enhance the attractiveness of the mining sector within the framework of Egypt Vision 2030, with the aim of placing Egypt on the global mining investment map.
He stressed the interest of the Egyptian mining sector in building sustainable partnerships with various partners concerned with the mining industry, noting in this regard the recent announcement of the completion of the newly amended Mineral Exploitation Agreement Model, which reflects the efforts to improve the investment climate and establishes a strong framework to achieve mutual benefit for all parties, in line with the strategy of comprehensive modernization of the mining sector in Egypt.
The Egyptian Minister also explained that work is underway to develop a strategy for added value and mining industries, and another one for addressing the environmental and social impacts of the mining sector.
Additionally, he reviewed the pillars of the strategy to maximize the benefit of critical minerals in supporting energy transition efforts.
He pointed out that the Egyptian mining sector is about to launch the ‘Egyptian Digital Mining Platform ‘ similar to the Egyptian Upstream Gateway (EUG) with the aim of providing detailed geological data and comprehensive information to investors and enhancing transparency and ease of communication between the Egyptian Mineral Resources Authority and investors.