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 stressed the government's commitment 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 keenness to attract more foreign investments into the sector, citing the vast potential for growth and development. AngloGold Ashanti's investments in Egypt have been significant, with the company operating the Sukari gold mine.
The Egyptian government has been working to improve the investment climate in the mining sector, with a focus on attracting foreign investment. The country's mining sector has significant potential for growth, with large reserves of minerals such as gold, copper, and phosphate. AngloGold Ashanti's presence in Egypt is seen as a significant boost to the sector.
The meeting between President El-Sisi and Calderon reflects the Egyptian government's efforts to strengthen partnerships with international companies in the mining sector. The government aims to increase the sector's contribution to the national economy and create new opportunities for growth and development. AngloGold Ashanti's commitment to investing in Egypt is seen as a positive development for the country's mining sector.
Key points
- President El-Sisi emphasizes Egypt's support for AngloGold Ashanti's investments in the country.
- AngloGold Ashanti plans to inject more investments into promising mining sites in Egypt.
- The Egyptian government aims to expand the mining sector and maximize its contribution to the national economy.
