Riyadh - Exclusive Sharikat Mubasher: Shalateen Mineral Resources Company (SMRC), an Egyptian joint stock company specializing in gold exploration and production, plans to double its production capacity and reserves within the upcoming period, Chairman Sherif El Shahawy stated in an interview with Sharikat Mubasher.
On the sidelines of the Future Minerals Forum 2025 (FMF 2025), El Shahawy revealed that the company produces nearly one ton of gold annually and aims to become a global leader in gold exploration and production.
He explained that SMRC’s concessions cover around 50,000 kilometers in the Eastern Desert, overseen by the Egyptian government.
The Chairman explained that the company’s strategy comprises several pillars: international explorations, self-funded explorations, and regularizing informal mining.
El Shahawy noted that SMRC established an industrial complex to address the challenges posed by informal mining and is gearing up to inaugurate it next May.
He further explained that the company participated in the FMF 2025 to introduce promising areas for gold exploration, notably the Arabian-Nubian Shield, which spans Egypt and Saudi Arabia, to interested global investors.
El Shahawy affirmed that Saudi Arabia offers an attractive investor-friendly environment for global exploration companies.
Moreover, the Chairman emphasized that the forum acts as a vibrant hub for key stakeholders in the mining and exploration sector.
SMRC, established in 2012, aspires to become one of the world’s leading companies in the mining sector by applying international standards and codes, starting from exploration activities to production and marketing. It provides investment opportunities for local companies and small investors in the field of gold exploration as well as other ores.
The FMF 2025, the world’s premier minerals gathering, takes place in Riyadh from 14 to 16 January under the theme ‘Year of Impact’, featuring 250 influential speakers, including CEOs of the top 11 global mining companies and other industry leaders.
It aims to enable the development of resilient and responsible minerals and metals industries in Africa, West and Central Asia, and other host countries by attracting investment, deploying digital and other advanced technologies, and applying high standards for sustainability performance.