Minister Badawy emphasized that a crucial aspect of the Ministry's strategy involves modernizing agreement systems to align them with global standards. This move aims to instill confidence in international mining companies, encouraging them to make new investments in Egypt's mining sector, ultimately contributing to the nation's gross national product. He highlighted the collaborative effort of experts that led to this agreement, which is expected to promote the adoption of advanced technologies in gold exploration. Badawy expressed his gratitude to AngloGold for their dedication and this successful partnership.
He further stated that this agreement marks a new phase for
the mining sector and demonstrates the Ministry's commitment to its strategic
objectives. It is anticipated to attract further investments from other global
mining firms in the exploitation of gold and associated minerals.
Engineer Hoda Mansour lauded the progress within Egypt's mining sector, acknowledging Minister Badawy's support and the efforts of the Egyptian General Authority for Mineral Resources and the Ministry's team in resolving obstacles for the company and investors. She conveyed her satisfaction with the signing, viewing it as the beginning of an expansion of AngloGold Ashanti's investments in Egypt.