Inside AFAQ Mining's Meeting with Egypt's Minister of Petroleum

AFAQ Mining Reviews Gold Exploration Progress with the Minister

AFAQ Mining’s leadership, headed by Chairman and Managing Director Engineer Amr El-Morsafawy, met with Engineer Karim Badawi, Egypt’s Minister of Petroleum and Mineral Resources, together with senior officials from the Ministry and the Mineral Resources and Mining Industries Authority.

The meeting focused on reviewing the company’s exploration achievements and discussing its strategy to expand gold exploration and mining activities in Egypt.The discussions reflect the government’s ongoing support for national mining companies and its vision to increase the contribution of mining to Egypt’s economy.

During the meeting, AFAQ Mining presented the latest exploration results from its concession area and reported encouraging geological findings that confirm the area’s significant mineral potential. These results strengthen confidence in the long-term opportunities for gold exploration and support continued investment in one of Egypt’s most promising mining regions.

Government Reforms Strengthen Gold Exploration and Mining Investment

Minister Karim Badawi reaffirmed the Ministry’s commitment to supporting serious national companies engaged in gold exploration and mining through the Mineral Resources and Mining Industries Authority. He emphasized that Egypt’s ongoing legislative and regulatory reforms are building a modern mining framework based on transparency, competitive investment conditions, faster project development, international mining standards, and long-term sector sustainability.

AFAQ Mining welcomed these reforms, highlighting their positive impact on Egypt’s mining sector. Key developments include the transformation of the Mineral Resources Authority into the Mineral Resources and Mining Industries Authority, updated executive regulations approved by the Cabinet, and a stronger legal and investment framework. Together, these measures are improving the competitiveness of exploration companies, strengthening investor confidence, and creating a more attractive environment for responsible investment in Egypt’s gold exploration and mining industry.

Successful Partnership with Shalateen Mineral Resources Company

The Minister also praised the cooperation between AFAQ Mining and Shalateen Mineral Resources Company.

The partnership demonstrates how collaboration between national mining companies can improve exploration efficiency, increase the value of Egypt’s mineral resources, and support the country’s strategy for expanding gold production.

Such partnerships play an important role in building a stronger mining industry that contributes to sustainable economic growth.

Inside AFAQ Mining’s Meeting with Egypt’s Minister of Petroleum

Inside AFAQ Mining's Meeting with Egypt's Minister of Petroleum: Shaping the Future of Gold Exploration and Mining

AFAQ Mining Reviews Gold Exploration Progress with the Minister

Government Reforms Strengthen Gold Exploration and Mining Investment

Successful Partnership with Shalateen Mineral Resources Company