Kareem Badawy, Egypt’s Minister of Petroleum and Mineral Resources, held meetings with several Australian institutions and companies specializing in mining to discuss injecting new investments into Egypt and building new partnerships to maximize the benefits of investment opportunities in this important sector, which is witnessing the implementation of strategic plans to improve the investment environment and increase competitiveness.

This took place on the sidelines of the minister’s participation in the leading Africa Down Under mining and energy conference in Perth, Australia.

The minister met with Doug Horak, CEO of the Australia-Africa Minerals and Energy Group, to explore cooperation and exchange expertise with the group, which is a leading industry body representing more than 100 Australian companies operating in over 30 African countries in mining, petroleum, gas, and energy sectors. It serves as a platform linking governments and industry stakeholders.

The meeting discussed investment opportunities available in Egypt’s mining sector, value-added projects, reforms in the Egyptian mining sector, and the transition to better investment systems aligned with best international practices. Attention was also drawn to attractive investment factors such as infrastructure and its role in reducing costs and improving operational efficiency, enhancing Egypt’s appeal as an investment destination in mining, especially given the large geological potential of the Arabian-Nubian Shield, within which Egypt is located. Additionally, the upcoming launch of the “Egypt Mining Gateway” digital platform was highlighted to facilitate and accelerate data-driven investment decision-making.

The minister invited Australian member companies of the group to visit Egypt during the second half of September to learn about the opportunities and advantages of the Egyptian mining sector.

The minister met with Matt Longworth, CEO, and Kenneth Allen, Managing Director and Board Member of Nexus Metals Explorations Ltd, an Australian company specializing in gold, copper, and nickel exploration and mining in Western Australia. The two sides discussed possible cooperation in gold exploration in mineral-rich areas in Egypt, exchange of technical expertise, and collaboration in geological surveys.

The minister invited the company to explore investment opportunities in mining and value-added projects in Egypt.

Meanwhile, the company’s CEO expressed interest in entering the Egyptian mining market amid ongoing efforts to enhance the investment climate’s attractiveness. A field visit to Egypt was agreed upon for September.