Egypt hold discussion on development of tantalum ore mining
The government of Egypt led by President Abdel Fattah El-Sisi, has held a discussion that focus on the development and utilization of Egypt’s mineral resources, specifically tantalum ore.
The meeting was held between the president, Minister Mostafa Madbouly, and various government officials, including Minister of Petroleum and Mineral Resources Tarek El Molla, Minister of Public Business Sector Mahmoud Essmat, Major General Waleed Abu Al-Majd, and Major General Abdelsalam Shafeek.
Value in tantalum
Tantalum is a rare and valuable element used in several advanced industries, including aircraft components, electronic circuits, microelectronics, mobile phones, laptops, and medical components like prosthetic implants. Egypt has significant reserves of tantalum, and the government has been prioritizing the development of its mining sector, including tantalum mining, to boost the national economy and create employment opportunities.
President El-Sisi directed the officials to continue working on efficiently managing and utilizing Egypt’s mineral wealth and raw materials. The emphasis was on adopting modern management and governance methods, as well as advanced technological techniques, to maximize the value of Egypt’s mineral resources and contribute to the country’s industrial plan and overall economy.
The Egyptian government launched a mining sector development strategy in 2020, aiming to increase the sector’s contribution to the national economy and create job opportunities for Egyptians. The strategy involves the development of new mining projects, the modernization of existing ones, and the promotion of investment in the sector. This meeting highlights the government’s commitment to the mining sector’s growth and the utilization of Egypt’s mineral wealth to benefit its citizens and advance development in the country.
