"Ministers information" It highlights Egypt’s efforts on developing the mining sector
6.75 billion pounds, the value of the revenues of the Mineral Resources and Mineral Industries in 2023/2024 compared to 2.76 billion pounds in 2022/2023, an increase of 144.6%
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3261.9 million dollars, the value of Egypt’s exports of precious metals in 2024
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& nbsp; 367 mine in Egypt during the year 2023/2024, an increase of 3.38% compared to 2022/2023
& nbsp; National and achieving sustainable development, in light of the diverse natural resources that Egypt abounds and a distinct geological location, has paid increasing interest in this sector by developing legislative and institutional frameworks, and adopting strategies aimed at maximizing added value and stimulating investments, in a way that enhances its role, by raising the contribution of mining activities in the gross domestic product and achieving the goals of Vision 2030, and has been reviewed, and has been reviewed The report is the most prominent component of the mining system in Egypt, starting with the available raw materials and through the legislative and institutional framework, and reaching government strategies and efforts to modernize and develop the sector. Mineral, and enhancing integration between the sectors of oil, mining and renewable energy, with the aim of achieving sustainable development and meeting the needs of the local market and attracting investments, as the Ministry seeks to achieve a launch for the mining sector and maximize its added value, so work is underway to prepare a strategy for added value for mining industries along with another strategy to address the environmental and social effects associated with this sector, and also includes the strategy of the Egyptian state to maximize the benefit from Biomatic minerals in support of energy transformation in a number of basic axes: (1- Enhancing cooperation with the various parties to the mining industry to develop strategies that contribute to enhancing responsible supply, and sustainable production of biomedics, 2- Initiatives to encourage the use of renewable energy sources in the various stages of mining activities, 3- Improving the efficiency of operations in the Egyptian mining sector through the use of the latest digital technologies and the most efficient equipment that contributes to reducing Emissions), in this context Egypt is moving at an advanced pace towards adopting national strategies for biological minerals based on its geological diversity and abundance in mineral wealth, and this trend is a strategic step aimed at determining investment priorities and enhancing the contribution of these minerals in supporting the supply chains associated with industry and energy transformation.
and reviews the information center during The report performs the Egyptian mining sector, pointing out that there are many promising opportunities and the tremendous capabilities that the sector abounds in which the Egyptian government’s work program supports; Which aims to attract more investments and enhance the attractiveness of the mining sector in the framework of Egypt’s 2030 vision, to place Egypt on the global mining investment map, and the Egyptian state pays attention to the Egyptian mining sector by building sustainable partnerships with the various partners concerned with the mining industry, as the Ministry of Petroleum and Mineral Resources aims to create a qualitative shift in the mineral wealth sector to increase its contribution to the gross domestic product, in addition to enhancing a culture Occupational safety, health, sustainability, environment and energy rationalization in the various stages of the value chain for the mining sector. This percentage shows the vital role that the delay sector plays in Egypt, including the activities of oil, natural gas and other delay, which include the minerals and the related industries in supporting the national product and enhancing economic resources in particular in light of the expansion of discovery and exploration projects and improving the investment environment in the extractive industries. The contribution of petroleum activity to GDP during the year 2023/2024 was recorded by 3.9%, followed by natural gas activity by 2.3%, while other delay, which includes minerals and related industries, its contribution reached 1.6%, which indicates an opportunity to enhance this activity by developing infrastructure and increasing investments in the mining sector.
The data also indicates that oil activity is It accounts for the largest percentage with a contribution of 50.7% of the total delay sector during the year 2023/2024, followed by natural gas activity by 29.2%, while the activity of other delayers, which includes the minerals and associated industries by 20.1%, which reflects the importance of this activity as a promising pillar to diversify the sources of income and enhance the added value of the national economy. & Nbsp; ” In 2023/2024 compared to 135.1 billion pounds in 2022/2023, an increase of 52.11%, which is the highest value recorded by the time series during the past decade, which indicates the efforts made in the development of this sector. 2024 compared to 2.76 billion pounds in 2022/2023, an increase of 144.6%, which reflects a qualitative boom in the performance of the authority and the effectiveness of the policies taken to maximize the returns from the mining sector, and the value of the revenues of the company’s activity for the mineral industries and its affiliated companies of the Ministry of Public Business Sector reached about 47.6 billion pounds during the year 2023/2024 compared to 33.5 billion pounds during In 2022/2023, an increase of 42.1%, and the net profit achieved about 13 billion pounds, with a growth rate of about 80% compared to the fiscal year 2022/2023, and exports also increased to approximately 21.5 billion pounds in 2023/2024 and an increase of 52% compared to 2022/2023 according to data of the Ministry of Business Sector General. (October – December) 2024 is the highest value during the year, as it recorded 570.3 billion pounds, which indicates a strong production activity, according to the 2024 annual statistics book for the Central Agency for Public Mobilization and Statistics. Compared to the year 2022/2023, in which the number of mines reached about 355 mines, and this rise reflects a trend towards enhancing the mining activity in Egypt, in light of the efforts made to develop this sector as one of the pillars of sustainable economic development, and this growth may indicate an improvement in the investment environment in extractive industries, and the increasing demand of companies for exploration and production operations, especially in light of legislative reforms, and updating a map Mineral wealth, although the increase is still limited in size, it represents a positive step on the path of expanding the base of production and enhancing the contribution of this sector to the national economy. And copper by about 1041.2 million dollars, while Egypt’s exports of precious metals recorded the highest increase between 2023 and 2024 by an increase of 75.4%, followed by copper exports by an increase of 49.7%. The highest growth rate of 35.6% during the year 2024 was recorded in 2023. It included:
1- Transforming the Egyptian General Authority for Mineral Resources into an economic body. Humanity. To produce gold in Marsa Alam, which is a successful model for partnership between the Metal Wealth and Mineral Industries and the & quot; Angelu Gold Ashanti & quot; International thanks to its advanced operational capabilities and Egyptian competencies, which reflects the state’s interest in maximizing the benefit from its mining resources, and the volume of gold production in Egypt reached 559 thousand ounces during the fiscal year 2023/2024, and it is intended to reach 800 thousand ounces in 2030, while the volume of mineral materials production reached more than 17 million tons and it is intended to increase to 30 million in 2030.
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