Egypt, AngloGold Ashanti Eye Wider Partnership Beyond Sukari - Egypt Oil & Gas

AI desk brief

Egypt and AngloGold Ashanti are looking to expand their relationship beyond Sukari into a broader strategic mining partnership, with President El-Sisi highlighting exploration, technology transfer, training, local supply-chain development and new foreign investment. AngloGold said Egypt remains a priority destination and wants to increase investment in promising sites, while the government pledged support for expanded exploration programs, especially for gold.

The article also confirms Sukari remains a meaningful production asset: H1 2026 output was 232,000 oz, keeping the mine on track for its 500,000 oz full-year target. AngloGold owns 50% of Sukari through Pharaoh Gold Mines, with the Egyptian state holding the other 50% via the joint operating company.