Egyptian President Abdel Fattah El-Sisi emphasized his country's interest in supporting AngloGold Ashanti's investments in the Sukari gold mine and providing a conducive environment for the company's growth. This statement was made during a meeting with AngloGold Ashanti's CEO Alberto Calderon on the sidelines of the Egypt Mining Forum 2026. The meeting was attended by Egyptian Prime Minister Mostafa Madbouly and Minister of Petroleum and Mineral Resources Karim Badawi.
President El-Sisi expressed his appreciation for the strategic partnership with AngloGold Ashanti and hoped to elevate their collaboration from merely operating the Sukari mine to a broader strategic partnership in Egypt's mining sector. This partnership would encompass exploration, technology transfer, training national cadres, and developing local supply chains to attract more foreign investments.
AngloGold Ashanti's CEO Alberto Calderon praised the Egyptian government's continued support for the company and efforts to address any challenges the company might face in Egypt. Calderon highlighted Egypt's importance as a priority investment destination for AngloGold Ashanti, noting the company's intention to inject more investments into promising Egyptian mining sites.
During the meeting, Calderon reviewed the company's investment developments in Egypt and globally, emphasizing Egypt's strategic significance. He also discussed expanding the company's exploration programs in Egypt, particularly in gold mining, with President El-Sisi assuring that the government would provide necessary facilities to support AngloGold Ashanti's activities.
The Egyptian government is keen on encouraging foreign investments in the mining sector to boost the national economy. President El-Sisi's meeting with Calderon reflects the government's efforts to create a favorable business environment and capitalize on Egypt's rich mineral resources. AngloGold Ashanti's investments in Egypt are expected to contribute significantly to the country's economic growth.
AngloGold Ashanti's Sukari gold mine has been a significant contributor to Egypt's mining sector. The company's plans to increase investments in Egypt are expected to lead to the discovery and development of new mining projects, creating more job opportunities and stimulating economic growth. The Egyptian government has been working to enhance its mining sector's competitiveness and attractiveness to foreign investors.
The meeting between President El-Sisi and Calderon concluded with a mutual commitment to strengthening Egypt's mining sector through collaboration and investment. Key aspects of their discussion included exploration, technology transfer, and human resources development. The Egyptian government aims to maximize the sector's contribution to the national economy and create a thriving investment environment.
Key points
- Egypt's President Abdel Fattah El-Sisi vowed to support AngloGold Ashanti's investments in the country's mining sector.
- AngloGold Ashanti plans to inject more investments into Egypt's mining sector to explore new projects and develop existing ones.
- The Egyptian government aims to create a favorable business environment to attract foreign investments and boost the national economy.
