Business Hub – Cairo:
Engineer Tarek El Molla, Minister of Petroleum and Mineral Resources, received Mrs. Marie Lemay, President of the Royal Canadian Mint, and her accompanying delegation, in the presence of Ambassador Louis Dumas, Ambassador of Canada in Cairo, Eng. Alaa Khashab, Deputy Minister of Mineral Resources, and geologist Khaled El Sheshtawy, Chairman of the Mineral Resources Authority. During the meeting, they discussed possible cooperation and partnership opportunities between the two sides in the gold industry in light of the distinguished opportunities offered by the strategy of developing and modernizing the Egyptian mining sector and the Canadian Corporation’s interest in investing in Egypt.
Engineer Tarek El Molla welcomed the prestigious Canadian corporation, praising its interest in cooperating with Egypt in the field of the gold industry, stressing that the ongoing efforts to develop and modernize the Egyptian mining sector require the establishment of partnerships on an ongoing basis with major international companies and institutions to benefit from its long experiences and advanced technologies. Pointing out that Egypt has great advantages in front of mining investments, such as the availability of qualified human cadres, technology and infrastructure.
El-Molla stressed the importance of studying and exploring possibilities of cooperation during the coming period with the Canadian Corporation in a number of priority areas for the development and modernization of the gold mining industry in Egypt, foremost of which is the training of human cadres, development and innovation, and the study of establishing an internationally accredited refinery in Egypt to purify and stamp the produced gold bars to reach the degree of purity. The required quality is 99.9%, as the Ministry of Petroleum and Mineral Resources is studying cooperation with international companies that have the expertise and technology to localize this activity in Egypt to represent an important addition to the advantages of the Egyptian mining industry that contributes to attracting foreign investments.
For her part, Mrs. Mary Lemay, President of the Royal Canadian Mint, confirmed her aspiration for a long-term partnership with Egypt in the field of gold mining, especially since Egypt is an important gateway to Africa, as the institution works in many global markets and aims to launch in Africa. Lemay reviewed the capabilities and capabilities of the Canadian Corporation, which dates back to 1911, explaining its leadership in the field of gold purification and stamping through a specialized refinery, in addition to the fields of marketing, training, knowledge sharing, innovation and mining consultancy.