Cairo: The Egyptian Ministry of Petroleum, led by Minister Karim Badawi, is set to launch a new gold and associated minerals exploration bidding process in the first quarter of 2025. This strategic move signals Egypt’s commitment to expanding its mining sector and attracting international investment.

According to State Information Service Egypt, the announcement emerged during a meeting with officials from South Africa’s AngloGold Ashanti. Discussions were centered on the ongoing exploration and drilling operations at Egypt’s Sukari gold mine. This follows AngloGold’s recent acquisition of Centamin, the mine’s former owner, marking a significant shift in the mine’s management.

The meeting also addressed the establishment of a mining school in Egypt, aimed at equipping local youth with essential mining skills. Initiated by Centamin, the school is expected to commence operations in September 2025, reflecting Egypt’s dedication to fostering local talent in the mining industry.

AngloGold Ashanti officials furt
her expressed their commitment to investing in the Sukari mine’s development. Plans include additional exploration and development activities, showcasing the company’s long-term interest in the region. The meeting concluded with the signing of a draft agreement for gold exploration between the Egyptian Mineral Resources Authority and AngloGold Ashanti, pending final approvals.

This initiative is part of Egypt’s broader efforts to boost its mining sector and solidify its status as a key player in the global gold market.