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AngloGold Ashanti expects to resume exploration at its Nugrus and Najd blocks in 3Q 2026, after work was suspended following an undisclosed incident in March, according to the miner’s 1H 2026 exploration report (pdf). Elsewhere in its Egypt portfolio, AngloGold completed desktop and technical field reviews across four Eastern Desert targets and continued assessing the Little Sukari project.
IN CONTEXT- AngloGold took control of Sukari through its USD 2.5 bn acquisition of Centamin in 2024. The government is now trying to turn its solitary commercial-scale gold mine into a broader Eastern Desert mining industry, with the new open-sector licensing system already drawing interest from Capital Limited, which is seeking nine gold blocks.
FRA’s last extension
The Financial Regulatory Authority (FRA) has given ins.-sector players one final year to comply with the Unified Ins. Act, extending the deadline to 11 July 2027, according to an FRA statement. The extension applies to companies, entities, establishments, and professionals governed by the law but does not cover separate activity-specific compliance deadlines set under other FRA decisions.
Why it matters: The extension gives insurers and ins.-related service providers more time to meet the new law’s capital, licensing, governance, and operational requirements while signaling that the grace period is reaching its endpoint. The FRA said the decision is the last extension allowed under the law, which capped the total adjustment period at three years from its entry into force in July 2024.
More on our radar:
- Dice Sport and Casual Wear scrapped plans to set up a ready-made garments manufacturer with two Italian companies. The company approved the joint venture in February. (EGX disclosure, pdf).
- El Nasr Civil Works was awarded an estimated EGP 462.8 mn contract by Madinet Masr to carry out water, irrigation, sewage, electricity, and road infrastructure works at the Origami–Sarai project over 14 months. (EGX disclosure, pdf).
