Mining in Egypt
Egypt is home to a wealth of mineral resources including gold, copper, silver, zinc, platinum and a number of other precious and base metals. With an estimated 6.7 million ounces of gold, 48 million tons of tantalite (fourth largest reserves in the world), and 50 million tons of coal, Egypt has the potential to be one of the top mining jurisdictions in the world.
In order to unlock the potential of the country's mineral resources with a primary focus on the gold mining sector, in January 2020, the Government officially announced the new mining executive regulations No. 108 year 2020, changing the system from production sharing agreements to Rent, Royalty and Tax system.
Following the issuance of the Amendment and the Executive Regulations, international investors & mining companies have expressed strong interest in the Egyptian mining sector.
