Ossama El Maghraby | Positive Mining Reform is Creating New Investment Opportunities in Egypt

Published: Oct. 7, 2018, 10:45 a.m.

b'Egypt is on the verge of once again becoming a world-renown gold producer. The Golden Age is being rediscovered. For millennia, ancient Egyptian kingdoms prospered from unparalleled riches. Pharaohs built their empires and flaunted their abundant wealth that was made possible by the country\\u2019s resource-rich gold deposits. Despite this rich history, modern Egypt remains one of the most underdeveloped gold mining countries in the world.

In this interview, Ossama El Maghraby shares how Egypt is currently undergoing a mining renaissance of which many are not aware. He is the chairman of Gold Pyramid Group which currently represents and manages Resolute Mining\\u2019s Egyptian operations. Ossama has over 12 years experience working in the mining industry in Egypt. While working for Centamin he was in charge of handling governmental affairs. Centamin owns the world-class Sukari gold mine which is the only operating gold mine currently in Egypt. Ossama shares in this interview that he believes many of the positive changes proposed for mining reform are on the verge of being implemented.

0:05 Introduction
1:40 Ossama El Maghraby\\u2019s background and mining experience in Egypt
3:37 Overview of mining in Egypt today
4:36 Egyptian government\\u2019s relationship with mining companies
7:34 How soon will Egypt implement positive changes to the mining code?
9:01 Ossama comments on the current law regarding joint ventures between the Egyptian government and producing mining companies
10:52 Foreign countries roles in helping Egypt with mining reform
12:18 How mining reform is legally implemented in Egypt
14:44 Mining in Egypt was unaffected by the 2013 governmental change
15:58 Current opportunities for investors and mining companies in Egypt

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