On September 28, 2026, Egyptian President Abdel Fattah El-Sisi met with Alberto Calderon, CEO of AngloGold Ashanti, on the sidelines of the Egypt Mining Forum 2026. The meeting was attended by Egyptian Prime Minister Mostafa Madbouly, Petroleum and Mineral Resources Minister Karim Badawi, and other officials from the company and the Egyptian government. President El-Sisi expressed his appreciation for the strategic partnership with AngloGold Ashanti, which operates the Sukari gold mine.
During the meeting, President El-Sisi emphasized the Egyptian government's commitment to supporting the company's investments in Egypt and providing a conducive environment for its growth. He also expressed his desire to elevate the existing partnership to a more comprehensive strategic partnership in the Egyptian mining sector. This would involve cooperation in areas such as exploration, technology transfer, training of national cadres, and development of local supply chains.
AngloGold Ashanti's CEO, Alberto Calderon, welcomed the meeting with President El-Sisi and praised the ongoing support provided by the Egyptian government to the company. He reviewed the company's investment plans in Egypt and globally, affirming that Egypt is a top investment destination for AngloGold Ashanti. The company plans to inject more investments into promising mining sites in Egypt, which could lead to the discovery and development of new projects like the Sukari mine.
Calderon and President El-Sisi also discussed ways to enhance cooperation in the mining sector, including expanding exploration programs, particularly in gold mining. President El-Sisi assured that the government would provide all necessary facilities to support the company's activities and facilitate its operations. This aligns with Egypt's strategy to expand its mining sector and maximize its contribution to the national economy.
The meeting took place within the framework of Egypt's efforts to attract more foreign investments in the mining sector. AngloGold Ashanti's Sukari gold mine is one of the company's key operations globally. Egypt's mining sector offers significant investment opportunities, and the government is keen to capitalize on these opportunities to boost economic growth.
AngloGold Ashanti's investment plans in Egypt are expected to create new job opportunities and contribute to the country's economic development. The company's operations in Egypt have been significant, and its commitment to investing in the country is seen as a vote of confidence in Egypt's economy. President El-Sisi's meeting with Calderon reflects the government's efforts to engage with investors and promote Egypt's investment climate.
The Egyptian government has been working to improve the business environment and attract more foreign investments. The country's mining sector, in particular, offers significant potential for growth and investment. With AngloGold Ashanti's commitment to investing in Egypt, the government is likely to continue its efforts to support the company's operations and attract more investors to the sector.
Key points
- Egypt is a top investment destination for AngloGold Ashanti, with the company planning to inject more investments into promising mining sites.
