Thursday 21 Nov
Engineer Karim Badawy, Minister of Petroleum and Mineral Resources, received a delegation from the Mining Committee of the American Chamber of Commerce in Egypt.
The delegation included Dr. Mohamed Zaher, Chairman of Real Mining Services, Sherif Barakat, Director of Aton Resources, Mostafa El-Gabaly, Executive Director of Abu Zaabal Fertilizers Company, Ahmed Ali Wafiq, Chairman of Saint-Gobain Glass, Silvia Minassa, Executive Director of the Chamber in Cairo, and Dina Nawar, Deputy Executive Director.
Engineer Moataz Atef, Head of the
Central Administration of the Technical Office and the Minister's Office
Affairs, and the official spokesperson for the ministry, also attended the
meeting.
During the meeting, Badawy
emphasized the significance of the mining sector and explored ways to create a
favorable environment for private sector involvement in mining projects and
related industries. He highlighted the crucial role of the American Chamber of
Commerce in facilitating this process and the potential for leveraging its
experience in transferring best practices from other countries.
He further emphasized the
importance of utilizing training programs and capitalizing on the sector's
promising investment opportunities. He stressed the need for collaborative
efforts to achieve common goals.
The mining chamber delegation
outlined its role in stimulating investments in Egypt's mining sector, not only
in gold but also in various minerals. They also expressed their support for the
Ministry of Petroleum's initiative to transform the Mineral Resources Authority
into an economic authority. The delegation further mentioned ongoing
collaborations with major mining companies to invest in this promising sector.
The delegation highlighted Egypt's substantial potential for gold and mineral exploration and mining. They emphasized significant growth opportunities and a strong desire to expand mining activities. Additionally, they noted Egypt’s rich phosphate reserves, which offer promising opportunities for establishing phosphate fertilizer production projects.
