Egyptian President Abdel Fattah Al-Sissi recently received Alberto Calderón, the CEO of AngloGold Ashanti, on the sidelines of the 2026 Egypt Mining Forum. The meeting was attended by Egypt's Prime Minister, Dr. Moustafa Madbouli, and Minister of Petroleum and Mineral Resources, Karim Badawi. Also present were Stuart Bailey, AngloGold Ashanti's Institutional Affairs Director, and Hoda Ahmed Al-Askalani, the company's President in Egypt.
During the meeting, President Al-Sissi expressed his appreciation for the strategic partnership with AngloGold Ashanti, which operates the Sukari gold mine. He emphasized the importance of supporting the company's investments in Egypt and creating a favorable environment for its activities to develop. The President highlighted Egypt's desire to evolve its cooperation with AngloGold Ashanti from a partnership focused on Sukari to a broader strategic partnership in the Egyptian mining sector.
This proposed partnership would encompass exploration, technology and expertise transfer, training of national cadres, development of local supply chains, and attracting new investments. President Al-Sissi's vision for a more comprehensive partnership aims to leverage AngloGold Ashanti's expertise to boost Egypt's mining sector. The meeting also covered the company's current activities and expansion plans in Egypt, as well as ways to enhance bilateral cooperation in the mining sector.
Alberto Calderón expressed his satisfaction with the meeting, praising the Egyptian state's constant support for AngloGold Ashanti and the efforts of the relevant authorities to overcome any potential difficulties the company may face. He presented an update on the company's investments in Egypt and other countries, affirming that Egypt is one of its top investment destinations. Calderón also announced plans to increase investments in several promising Egyptian mining sites to discover and develop new projects, similar to the Sukari mine.
The discussions also touched on the prospects of expanding AngloGold Ashanti's exploration programs in Egypt, particularly in gold mining. President Al-Sissi reiterated Egypt's commitment to providing all necessary facilities to support AngloGold Ashanti's activities and facilitate its operations. This aligns with Egypt's strategy to develop the mining sector, increase its contribution to the national economy, and capitalize on its significant investment opportunities to attract more capital.
AngloGold Ashanti's current operations in Egypt are primarily focused on the Sukari gold mine. The company's expansion plans and commitment to increasing investments in Egypt are seen as a positive development for the country's mining sector. Egypt aims to leverage its rich mineral resources to drive economic growth and attract foreign investment.
The meeting between President Al-Sissi and Calderón reflects Egypt's efforts to strengthen its partnerships with international mining companies and create a more favorable investment climate. By expanding its cooperation with AngloGold Ashanti, Egypt hopes to unlock the full potential of its mining sector and increase its contribution to the national economy.
Key points
- Egypt's President Abdel Fattah Al-Sissi seeks to expand the country's partnership with AngloGold Ashanti beyond the Sukari gold mine to a broader strategic partnership in the mining sector.
