Karim Badawi, Minister of Petroleum and Mineral Resources, revealed that the ministry is striving to implement more reforms and attract investments in the mining sector.
He explained that our mineral resources include gold, copper, silver, zinc, platinum, and several other precious and traditional minerals.
The minister, during the opening of the third edition of the Egypt Mining Forum (EMF) on Tuesday, stated that Egypt currently has gold reserves of about 7.3 million ounces.
During the last fiscal year, the country produced around 560,000 ounces of gold and approximately 17.5 million tons of other minerals.
The plan is to reach 800,000 ounces of gold and 30 million tons of other minerals by 2030. The ministry aims to increase the mining sector's contribution to the national economy to 5% instead of the current less than 1%.
He continued, "We must pay attention to safety procedures in the mining sector, as we want to protect everyone working in this industry. Safe operations are crucial for attracting investments, and we need to work together to ensure that safety and environmental considerations are fundamental during the mining process."
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