Australian mining company Hunter & Co. is planning to invest in Egypt’s mining sector and form strategic partnerships, the Ministry of Petroleum and Mineral Resources confirmed.
The announcement comes after a meeting between Egyptian Petroleum Minister Karim Badawi and a Hunter & Co. delegation, including Chairperson Ian Courtlang and Regional Head Francois van Schalkwyk. The talks focused on Egypt’s new mining laws and incentives aimed at attracting international investment.
Minister Badawi said Hunter & Co.’s interest is a direct result of his visit to Perth last November, where he promoted Egypt as an investment-friendly destination. Company representatives praised the reforms, saying they have removed bureaucratic hurdles and clarified the rules for foreign investors.
Focus on Critical Minerals and Technology
Hunter & Co. plans to focus on exploration and extraction of critical minerals that are vital to the energy sector. The company also intends to develop value-added processing facilities to turn raw ores into finished products using modern technology.
In addition, the firm plans to train local engineers and geologists, sharing Australian mining expertise to boost Egypt’s technical workforce.
Next Steps
Hunter & Co. executives will visit mining sites and meet other local operators as part of their evaluation. Both sides have agreed to work with the Egyptian Mineral Resources Authority (EMRA) to create a roadmap and finalize the steps for the company’s entry into Egypt.
Why Investors Should Pay Attention
- Growing Market: Egypt is emerging as a key player in critical minerals, important for energy and tech industries.
- Improved Investment Climate: Regulatory reforms and financial incentives reduce risk and make projects easier to implement.
- Strategic Partnerships: Hunter & Co.’s entry may attract other international mining firms, driving further investment in the sector.
- Local Development: Focus on technology and workforce training suggests long-term benefits beyond just raw mineral extraction.
Hunter & Co.’s move highlights Egypt as a potentially lucrative market for mining and critical minerals. Investors could see opportunities from new projects, partnerships, and the broader growth of the sector.
