Egypt, IRH hold talks on mining, energy
Egypt and, International Resources Holding have held talks to discuss potential partnerships in the mining and energy sectors. The meeting between Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi met with Ali AlRashdi, International Resources Holding CEO, was held at the ADIPEC 2024 conference in Abu Dhabi.
Badawi highlighted Egypt’s ongoing initiatives to enhance its mining industry, including the pilot launch of the Egypt Mining Gateway. This new digital platform will streamline investment processes and facilitate data access for prospective investors, with an official launch expected by the end of 2024.
Badawi encouraged AlRashdi to explore Egypt’s mining opportunities, noting that a new bid round for mineral exploration in the Western Desert would soon be available. The meeting also covered potential collaboration in the liquefied natural gas (LNG) trade. Badawi emphasized Egypt’s strategic LNG infrastructure at Idku and Damietta, presenting it as an efficient channel for transporting gas to international markets. The talks underscored Egypt’s commitment to attracting foreign investment and expanding its role in regional energy and resource sectors.
Mining in Egypt
Mining in Egypt relates to the country’s significant mineral bodies of tantalite, coal, gold, iron ore and heavy mineral sands. While mining in Egypt has a long history that predates antiquity, it has been under-explored in more modern times, meaning large mineral deposits remain intact, offering excellent investment potential for affluent discoveries.
Boasting a rich tapestry of mineral resources, Egypt possesses the potential to significantly revitalize its economy. These resources can be broadly categorized into three groups: energy raw materials like coal and radioactive materials, metallic ores including iron and copper alongside precious metals, and finally, non-metallic ores encompassing gemstones and semi-precious stones.
