Egyptian President Abdel Fattah El-Sisi received Alberto Calderon, CEO of AngloGold Ashanti, to discuss cooperation in the mining sector, particularly in gold exploration. The meeting took place on the sidelines of the Egypt Mining Forum 2026 in the new capital. El-Sisi was accompanied by Prime Minister Mostafa Madbouly, Petroleum and Mineral Resources Minister Karim Badawi, and other officials. AngloGold Ashanti's Sukari gold mine is a significant investment in Egypt's mining industry.
During the meeting, President El-Sisi expressed his appreciation for the strategic partnership with AngloGold Ashanti, emphasizing the importance of supporting the company's investments in Egypt. He highlighted the government's efforts to create a conducive environment for the growth of the mining sector, which is a key area for attracting foreign investment. El-Sisi also encouraged the company to expand its exploration activities in Egypt.
The CEO of AngloGold Ashanti, Alberto Calderon, expressed his gratitude for the ongoing support provided by the Egyptian government. He reviewed the company's developments and future plans, including expanding its presence in the Egyptian market. Calderon announced that the company intends to inject more investments into various promising mining sites in Egypt, building on the success of the Sukari gold mine.
The meeting also discussed ways to enhance cooperation between the Egyptian government and AngloGold Ashanti, including training and developing local cadres, transferring technology and expertise, and localizing supply chains. President El-Sisi emphasized the importance of upgrading the partnership between the two parties from a mere mining operation to a broader strategic partnership.
AngloGold Ashanti's Sukari gold mine is one of the company's most significant investments in Egypt. The mine has been operational since 2010 and has contributed substantially to Egypt's gold production. The company's investment in the mine has also generated employment opportunities and stimulated local economic growth.
Egypt's mining sector has significant potential for growth, with vast reserves of minerals, including gold, copper, and phosphate. The government has been working to attract more investment in the sector by implementing reforms and providing incentives for investors. President El-Sisi's meeting with AngloGold Ashanti's CEO reflects the government's commitment to supporting the growth of the mining industry.
The Egypt Mining Forum 2026, which took place in the new capital, brought together industry stakeholders, investors, and government officials to discuss opportunities and challenges in the mining sector. The forum provided a platform for participants to share experiences, explore new investment opportunities, and discuss ways to develop the sector.
Key points
- President Abdel Fattah El-Sisi emphasizes Egypt's support for AngloGold Ashanti's operations in the Sukari gold mine.
- The company plans to inject more investments into Egypt's mining sector, building on the success of the Sukari gold mine.
- Egypt's mining sector has significant potential for growth, with vast reserves of minerals and ongoing government efforts to attract investment.
