Amidst a target to increase gold production to 800,000 ounces by 2030, it added,the upcoming African Mining Week (AMW) – Africa’s premier gathering for mining stakeholders – will connect global stakeholders with burgeoning prospects within Egypt’s gold sector.
Sukari Mine Expansion
In April 2025, the Egyptian Mineral Resources Authority signed an agreement with mining firm AngloGold Ashanti to expand gold production at the Sukari Mine. The mine produced 40,000 ounces in 2024, generating $61 million in revenue.
Shalateen Gold & Silver Industrial Complex
Another major development advancing the growth of Egypt’s gold industry is the construction of the Shalateen Gold & Silver Industrial Complex. Developed by the Shalateen Mineral Resources’ Company – a joint venture of the Egyptian government and international investors – the £700 million open-pit mine comprises two phases.
Gold Exploration Partnerships
Meanwhile, Egypt is expanding its exploration initiatives through a series of strategic partnerships. In July this year UK-based Nubia Mines Company announced it would soon publish plans for gold production following promising exploration outcomes in the Um Rus Block and Aswan Concession areas.
Egypt also signed a cooperation agreement with Centamin to fast-track exploration of new sites using modern environmental and technical standards in the same month. The agreement also paves the way for cooperation on upskilling of local talent.
Amidst these developments and growth in Egypt’s gold industry, AMW will connect Egyptian mining policymakers and stakeholders with global investors for partnership formations and deal signings.
SOURCE
Energy Capital & Power
Leave a Reply