AngloGold Ashanti Ltd. plans to increase its investment in Egypt's Sukari Gold Mine, CEO Alberto Calderon told Prime Minister Moustafa Madbouly, according to a Cabinet statement issued Thursday. The announcement came as the Egyptian prime minister toured the Sukari site in Marsa Alam on the Red Sea coast to assess ongoing operations and future investment prospects. Egypt is looking to position itself as a regional mining hub and unlock the economic potential of its untapped mineral resources. "The government is fully committed to supporting AngloGold Ashanti's operations and enabling further gold exploration," Prime Minister Madbouly said. He instructed authorities to streamline regulatory processes, including visa and residency procedures for foreign staff. Calderon praised the government's backing and described Egypt as a strategic priority in AngloGold's global investment portfolio. He noted that the country holds strong potential for new gold discoveries beyond Sukari, one of the region's largest and longest-operating gold mines. The increased investment signals growing confidence in Egypt's mining reform agenda, which includes modernising legislation, restructuring state institutions, and creating a more attractive climate for international miners. Attribution: Amwal Al Ghad English Subediting: Y.Yasser
