The Ministry of Petroleum and Mineral Resources has signed a draft agreement with the South African mining giant AngloGold Ashanti to explore gold ore, signaling a new phase of investment and cooperation in the country’s gold mining sector.

The global gold exploration firms Aton Resources, Ankh Resources, and Centamin Plc are planning to invest around EGP 2.5 billion in gold exploration projects in Egypt over the coming two years.

Four international firms are competing to win Egypt's first global tender launched by Shalateen Mineral Resources for gold prospecting in two areas near the Sukari gold mine.

The Canadian gold producer B2Gold is in current negotiation to assign six gold prospecting licenses in Egypt’s Eastern Desert to Lotus Gold Corporation.

The Egyptian Mineral Resources Authority (EMRA) and Canada-based Lotus Gold Corporation have signed gold exploration contracts with investments estimated at about $2.5 million.