{"id":668486,"date":"2025-07-16T00:00:00","date_gmt":"2025-07-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/16\/heres-what-went-down-during-day-one-of-the-egypt-mining-forum\/"},"modified":"2025-07-16T00:00:00","modified_gmt":"2025-07-16T00:00:00","slug":"heres-what-went-down-during-day-one-of-the-egypt-mining-forum","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/16\/heres-what-went-down-during-day-one-of-the-egypt-mining-forum\/","title":{"rendered":"Here\u2019s what went down during day one of the Egypt Mining Forum"},"content":{"rendered":"

Recapping day one of the Egypt Mining Forum: <\/strong>Yesterday was day one of the Egypt Mining<\/a>Forum<\/a>, where local and global mining heavyweights came together to explore potential investments in the sector. Here\u2019s everything that went down during the first day of the two-day event: <\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

\n

AGREEMENTS AND REGIONAL COOPERATION-<\/p>\n

#1- USD 658 mn phosphoric acid production plant moves forward: <\/strong>A consortium of local state-owned players and two Chinese state-owned contracting firms signed the final agreements and contracts for the USD 658 mn phosphoric acid production complex at the Abu Tartour plateau in New Valley governorate. The signing took place on the sidelines of the forum, between an Egyptian consortium \u2014 which included Abu Tartour for Phosphoric Acid, Abu Qir Fertilizers, East Gas, Mineral Resources Authority, Phosphate Misr, Petrojet, and Enppi \u2014 and a Chinese consortium, which consisted of China State Construction Engineering Corporation (CSCEC) and East China Engineering Science and Technology Company (ECEC).<\/p>\n

REMEMBER-<\/strong> The two consortiums inked an agreement in June<\/a> to build the facility, which will produce 250k tons of high-concentration commercial phosphoric acid annually in its first phase using phosphate ore extracted from the Abu Tartour mines. Most of the output is expected to go toward fertilizer production.<\/p>\n

AND ANOTHER ONE? <\/strong>Elsewedy Electric is mulling plans to build a phosphoric acid plant in Egypt poised for export purposes, CEO Ahmed Elsewedy told Asharq Business<\/a> on the sidelines of an event in Cairo. The firm aims to conduct feasibility studies and assess phosphate reserves in the Sibaiyyah area in Aswan in the upcoming period. The investment ticket of the plant and the markets destined for exports have not been disclosed. <\/p>\n

#2- Two new gold exploration agreements:<\/strong> The Oil Ministry signed<\/a> two new agreements on the sidelines of the forum; a license agreement for the exploration of gold and associated minerals with Centamin and an initial framework agreement with global mining major Barrick Gold.<\/p>\n

#3- Exchanging data with Jordan:<\/strong> The Oil Ministry has signed a cooperation agreement<\/a> with Jordan to exchange geological data and explore shared mineral-rich formations, Jordanian Energy and Mineral Resources Minister Saleh Al Kharabsheh said during the forum. He emphasized the importance of regional collaboration to fully tap into cross-border resources, and hinted at a potential for deeper integration across the region\u2019s mining sectors.<\/p>\n

\n

THE NEXT STAGE OF MINING REFORM-<\/p>\n

Four pillars defining the national mining agenda:<\/strong> Oil Minister Karim Badawi said<\/a> that Egypt\u2019s mining development strategy now hinges on four pillars; skilled geological talent, strong infrastructure, an attractive financial framework, and sufficient energy supplies. He added that the next stage includes launching nationwide geological surveys, reassessing and reprocessing existing datasets, and expanding sampling and lab analysis activities \u2014 all of which will be made available to investors.<\/p>\n

ICYMI- <\/strong>The government is looking to raise the mining sector\u2019s share of GDP to 5-6% from less than 1% currently. To realize this goal, General Authority for Investment and Freezones Head Hossam Heiba said<\/a> the plan includes expanding value chains for mineral-based industries, as well as providing better access to logistics services like shipping, storage, and supply chain management.<\/p>\n

\n

CATCHING UP WITH SHALATEE<\/strong>N-<\/p>\n

State-owned Shalateen Mineral Resource has increased its gold production this year by <\/strong>30% y-o-y<\/strong>, Chairman Hany Mostafa told Al Arabiya<\/a> on the sidelines of the forum. The company has also launched geological studies at a new site in Marsa Alam. The three-year exploration program is expected to cost EGP 90-100 mn, according to Mostafa<\/p>\n

New updates on the Aswan mining complex<\/strong>:<\/strong> Mostafa said that the industrial mining complex<\/a>in Aswan<\/a> is expected to add 1.2-1.5 tons of gold to the country\u2019s reserves once it's completed. Construction works on the complex \u2014 which spans 1.4k feddans \u2014 have reached \u201cabout 60-70%,\u201d according to Mostafa, who confirmed its completion \u201cby the end of the year.\u201d <\/p>\n

An international tender in the works:<\/strong> Mostafa also said that Shalateen is \u201ccurrently preparing an international tender, in cooperation with Egyptian Mineral Resources Authority (EMRA) and the Oil Ministry,\u201d without disclosing the timing. <\/p>\n

REMEMBER-<\/strong>Unconfirmed reports<\/a> out in January claimed the company will relaunch its gold exploration bid in the first half of 2025 after the offers for its four-times extended tender<\/a> that came to a close in November did not meet the required criteria. <\/p>\n","protected":false},"excerpt":{"rendered":"

The USD 658 mn phosphoric acid production plant is moving forward<\/p>\n","protected":false},"author":1,"featured_media":668487,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8008],"tags":[72,373,371],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-668486","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mining","tag-enterpriseam","tag-mining","tag-oil-ministry","wpautop","entry"],"acf":{"mongo_id":"57ec90ce-7232-4244-98a3-3da1f5d04382","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/7\/1048.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Here\u2019s what went down during day one of the Egypt Mining Forum","related_issue":[668474],"teaser":"The USD 658 mn phosphoric acid production plant is moving forward","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.1667ecbc-8f1a-4210-b911-9620384116d6.mp3"},"yoast_head":"\nHere\u2019s what went down during day one of the Egypt Mining Forum - 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The zones would extract and process gold in the Eastern Desert, phosphates in the Western Desert, and\u2026","rel":"","context":"In "Mining"","block_context":{"text":"Mining","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/mining\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/154.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":601761,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/10\/egypt-attends-worlds-largest-mining-convention-in-canada\/","url_meta":{"origin":668486,"position":3},"title":"Egypt attends world\u2019s largest mining convention in Canada","author":"enterpriseam admin","date":"10 March 2019","format":false,"excerpt":"Egypt attends world\u2019s largest mining convention in Canada: The oil ministry attended the Prospectors & Developers Association of Canada\u2019s (PDAC) annual convention from 3-6 March to attract investment into Egypt\u2019s mining sector. The gathering is the world\u2019s largest mineral exploration and mining convention, attracting more than 25k attendees each year.\u2026","rel":"","context":"In "Image of the Day"","block_context":{"text":"Image of the Day","link":"https:\/\/enterpriseam.com\/egypt\/category\/image-of-the-day\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/3\/2687.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593725,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/08\/investors-express-interest-in-egypts-mining-sector\/","url_meta":{"origin":668486,"position":4},"title":"Investors express interest in Egypt\u2019s mining sector","author":"enterpriseam admin","date":"8 October 2019","format":false,"excerpt":"British Principal Verve International President Jeremy Crozier and London\u2019s Capital Drilling CEO Brian Rudd expressed their interest in gold mining and extraction investments in Egypt during a meeting with Oil Minister Tarek El Molla on Thursday, according to a ministry statement. The execs said the recent amendments to the Mineral\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":566511,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/23\/mining-outfit-ascom-losses-widen-in-1q2021\/","url_meta":{"origin":668486,"position":5},"title":"Mining outfit ASCOM losses widen in 1Q2021","author":"enterpriseam admin","date":"23 June 2021","format":false,"excerpt":"EARNINGS WATCH- Qalaa Holdings\u2019 mining subsidiary ASCOM posted wider losses in 1Q2021 than it did a year ago, with EGP 30 mn in red ink on its bottom line against EGP 23.2 mn in the same period a year ago, according to its consolidated financials (pdf). Net financing costs jumped\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/668486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=668486"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/668486\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/668474"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/668487"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=668486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=668486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=668486"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=668486"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=668486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}