AngloGold’s Egypt Expansion Signals Mining Sector’s Appeal, MP Says

Egyptian MP Mohamed Rashwan said AngloGold Ashanti’s intention to invest further in the country reflects the mining sector’s appeal to foreign investors.

The company has announced plans to put additional investment into a number of promising mining sites in Egypt, according to Rashwan’s remarks.

Rashwan, a member of the House of Representatives, pointed to those plans as a sign of foreign investor interest in opportunities within the sector.

The announcement concerns intended investment rather than completed projects. The remarks provided no investment figures, names of sites or timetable for the planned spending.