Australian mining group Hunter & Co. has expressed intent to launch investment projects and establish strategic partnerships in Egypt's mining sector, according to a statement from the Ministry of Petroleum and Mineral Resources on Sunday. The decision follows a meeting between Egyptian Petroleum Minister Karim Badawi and a high-level delegation from the Australian firm.
A meeting took place between Egyptian Petroleum Minister Karim Badawi and a delegation from Australian mining group Hunter & Co., including Chairperson Ian Courtlang and Regional Head for Europe, the Middle East, and Africa Francois van Schalkwyk. Discussions focused on recent legislative reforms and financial incentives aimed at enhancing Egypt's investment climate and attracting international mining companies.
Minister Badawi highlighted that this interest stems primarily from his visit to Perth, Australia, last November, where he promoted Egypt as a competitive destination for Australian mining firms. Representatives from Hunter & Co. praised the new regulatory framework, noting that the reforms have addressed historical obstacles and streamlined administrative procedures, providing a transparent foundation for their investment commitment.
The Australian group plans to concentrate operations on mineral exploration and the extraction of critical minerals vital for the energy sector. In addition to extraction, the company intends to set up industries that add value to raw mineral ores through advanced technologies. Furthermore, it expressed commitment to technology transfer via specialized training programs for Egyptian engineers and geologists to integrate local expertise with Australian practices.
During the current visit, Hunter & Co. executives requested inspections of various mining sites and meetings with active industry players in the country. Both sides agreed to coordinate with the Egyptian Mineral Resources Authority to develop an executive framework and complete steps for the company's formal market entry.