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Six years after a mining reboot, Egypt's gold ambitions start to take shape
By Alexander Dzladosz
Reuters
Wednesday, September 30, 2026
CAIRO -- Egypt's mining sector drew hundreds of millions of dollars in planned investments this week as companies seek gold and other minerals in a country often seen as one of Africa's most under-explored.
Several companies awarded exploration licences are getting closer to confirming gold deposits able to support commercial operations, executives told Reuters on the sidelines of the Egypt Mining Forum.
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Spurring interest are gold prices that have surged, topping $5,000 an ounce this year for the first time as investors sought safe haven amid geopolitical and trade uncertainty.
Egypt is about six years out from an overhaul of its mining law, opens new tab that scrapped a production-sharing requirement and other rules to attract investors and develop what authorities believe are significant untapped resources.
To achieve output on a par with other African producers, it will have to tackle illegal mining, bureaucratic delays, and other obstacles that still deter investment, they said. ...
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