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Egypt, AngloGold Ashanti sign gold exploration deal in Eastern Desert
Aya Anwar Published in Amwal Al Ghad on 20 - 04 - 2025

The Egyptian Mineral Resources Authority (EMRA) and AngloGold Ashanti signed an agreement on Sunday to explore and extract gold ore and associated minerals in selected areas of Egypt's Eastern Desert.
Egypt's Minister of Petroleum and Mineral Resources, Karim Badawy stated that the agreement follows previous discussions with AngloGold Ashanti representatives. He emphasised that aligning agreements with international standards is a cornerstone of the ministry's strategy to attract foreign investment into Egypt's mining sector.
The agreement, he said, reflects a coordinated national effort and promotes the use of modern technology in mineral exploration, which will ultimately contribute to Egypt's gross domestic product (GDP).
Minister Badawy also described the agreement as a significant step forward for the mining sector, reaffirming the ministry's commitment to its strategic plans. The deal is also expected to open the door for additional international mining companies to invest in Egypt's expanding gold and mineral industry.
Attribution: Amwal Al Ghad English
Subediting: Y.Yasser

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