Minister of Petroleum and Mineral Resources Karim Badawi held a meeting with senior officials from the ministry, the Egyptian Mineral Resources Authority and the mining sector, led by Authority Chairman Geologist Yasser Ramadan, to review applications for new mining investment opportunities under the recently launched open-block system.
Badawi said early indicators point to growing interest from both Egyptian and international mining companies, reflecting increased confidence in Egypt’s investment climate and the positive impact of legislative and institutional reforms aimed at modernising the sector.
He described the open-block system as a major step forward, offering greater flexibility, transparency and faster procedures in line with international best practice, while ensuring equal opportunities for investors.
The minister stressed the importance of continuing to offer attractive investment opportunities, streamlining procedures and providing geological data to encourage exploration and maximise the added value of Egypt’s mineral resources.
He noted that the open-block system is a cornerstone of Egypt’s mining development strategy, allowing investors to apply for exploration areas throughout the year and enhancing the sector’s regional and international competitiveness.
Last month, the Egyptian Mineral Resources Authority opened applications for exploration areas covering gold, associated minerals, phosphate, talc and kaolin. The initiative forms part of the ministry’s strategy to establish a modern, sustainable investment framework that meets international standards and strengthens the mining sector’s contribution to the national economy.
