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 Prime Minister Mostafa Madbouly, Petroleum and Mineral Resources Minister Karim Badawi, and other officials from the company. 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 interest in supporting AngloGold Ashanti's investments in the country and providing a conducive environment for the company's 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, and training of national cadres.
AngloGold Ashanti's CEO, Alberto Calderon, praised the Egyptian government's ongoing support for the company and its efforts to address any challenges that may arise. He reviewed the company's investment plans in Egypt and other countries where it operates, highlighting that Egypt is a priority destination for the company's investments. Calderon also announced plans to inject more investments into promising mining sites in Egypt.
The meeting also discussed ways to enhance cooperation between the Egyptian government and AngloGold Ashanti in the mining sector. President El-Sisi assured Calderon that the government is committed to providing all necessary facilities to support the company's activities and facilitate its operations. This is part of Egypt's strategy to expand the mining sector and maximize its contribution to the national economy.
The two parties also explored opportunities to expand exploration programs in Egypt, particularly in gold mining. President El-Sisi emphasized the government's commitment to attracting more foreign investments into the sector, citing the vast opportunities available. AngloGold Ashanti's investments in Egypt have been significant, with the company operating the Sukari gold mine.
According to the Egyptian presidency, AngloGold Ashanti intends to increase its investments in Egypt in the coming period. The company is optimistic about the country's mining sector and its potential for growth. The meeting between President El-Sisi and Calderon reflects the government's efforts to strengthen partnerships with international companies and stimulate economic growth.
The Egyptian government has been working to create a favorable business environment for investors, including those in the mining sector. President El-Sisi's meeting with AngloGold Ashanti's CEO demonstrates the government's commitment to supporting investments and promoting economic development. The country's mining sector offers significant opportunities for growth and exploration.
Key points
- President Abdel Fattah El-Sisi affirms Egypt's support for AngloGold Ashanti's investments in the country.
- AngloGold Ashanti plans to increase investments in Egypt's mining sector.
- Egypt aims to expand its mining sector and attract more foreign investments.
