Minerals have usually proven to be beneficial investments. Egypt in particular has a long history in the field of mineral trade. Active mining initially began in Egypt around 3000 BCE. Egypt’s mining sector has significant quantities of raw minerals, precious metals, and nonmetals. The Eastern desert and the Sinai Peninsula (The Arabian-Nubian) shield contain 48 million tons of tantalite, 6.7 million ounces of gold and 50 tons of Coal.
Regarding the minerals volume: (Iron, ore, phosphate, and salt) are the most important minerals in Egypt. Furthermore, huge amounts of quartz and asbestos were found early in 1986. Preliminary exploration in Sinai revealed quantities of zinc, tin, lead, and copper.
The government’s ambition to grow this profitable sector is accompanied by new regulations launched in 2020. They aim to establish new rent, royalty, and tax systems. Moreover, they are developing investment and financial models to contract perfectly with interested investors. They also aspire to offer more investor-friendly terms regarding mining activities.