Egyptian Prime Minister Mostafa Madbouly has spotlighted the involvement of global mining giant AngloGold Ashanti (AGA) and the scale of operations at the Sukari Gold Mine as major draws for international investors to the country’s mining sector.
During a visit to the Sukari site on Thursday, Madbouly pointed to the impressive deployment of mining equipment worth $235 million and AGA’s $2 billion investment as clear indicators of Egypt’s potential to host world-class mining ventures. These factors, he said, are central to attracting more foreign partners capable of financing and managing large-scale operations.
In meetings with AGA executives earlier in the day, Madbouly said meaningful progress was made towards commencing commercial production. Company officials confirmed Sukari’s ranking among the world’s top 20 gold mines and emphasised its geological advantage, noting easier extraction conditions compared to other gold mining sites globally.
Exploration activities have also yielded promising results, with newly confirmed reserves set to extend the mine’s operational lifespan. The Prime Minister reiterated the government’s commitment to supporting further exploration and expansion, underscoring the importance of introducing more international players into Egypt’s growing mining landscape.
Madbouly also praised the site’s workforce, highlighting the high level of professionalism and the strong presence of skilled Egyptian technicians. He singled out the contributions of female employees, especially the region’s first female CEO of a mining and exploration company—an Egyptian national—as a milestone for gender inclusion in the sector.
Lawmakers who accompanied the Prime Minister lauded the mine’s operations, commending its technical standards and the dedication of staff at every stage of the production process.
Hoda Mansour, Managing Director and Vice Chair of Sukari Gold Mining Company, expressed appreciation for the visit, noting that Madbouly was the first sitting Prime Minister to tour the site—a gesture viewed as a strong sign of the government’s commitment to mining industry development.
