State-owned and co-opted commercial entities · State-owned mining company · Egypt
Shalateen Mineral Resources Company
شركة شلاتين للثروة المعدنية
- Reported or alleged link, not established
- BGrade B: CorroboratedStrongest record: corroborated
- 2 documented ties · 1 step from the SAF
Also recorded as: Shalateen for Mineral Resources; Shalateen Company
Listed only because one unidentified investigation, republished by an aggregator, quotes smugglers as saying Sudanese gold is delivered to this company in Aswan. Pass 3 found no second source, no original publisher and no response. Do not present as established. The ownership breakdown comes from a single outlet (Arabi21) that is hostile to the Egyptian government.
Flagged for legal review before publication.
Egyptian state company created in 2012 to organise gold prospecting in the Eastern Desert (former petroleum minister Osama Kamal to Asharq Al-Awsat, 2 Jul 2026). It granted eight new licences in early 2026, bringing to 61 the companies working in its concession, and targets deliveries of 1.5 tonnes of gold to the Central Bank of Egypt by end-2026 and 6 tonnes a year by 2030. Atar (30 Mar 2026) calls it 'the state's principal arm in gold exploitation south of the Eastern Desert', operating between latitudes 22 and 24 north including the Iqat mine, with over 900 kg produced in 2024. Arabi21 (22 Jun 2026) gives the shareholding as Egyptian armed forces 34%, Mineral Resources Authority 35%, National Investment Bank 24% and a fourth state company 7% (single source, not checked against a company register). Atar's table shows Egypt's gold exports to the UAE exceeding its own production in 2023 (17.38 t produced, 28.5 t exported), 2024 (19.9 / 31) and 2025 (17.3 / 50), 'pointing to additional inflows beyond local output'.
Their response
- Not applicable: these are descriptive facts. Ownership split not confirmed by the company.
- The republished investigation says Shalateen, the Egyptian mineral resources authority and the Central Bank of Egypt did not reply. No later statement found.
BGrade B: CorroboratedShalateen Mineral Resources Company - what is documented
2012-2026
Egyptian state company created in 2012 to organise gold prospecting in the Eastern Desert (former petroleum minister Osama Kamal to Asharq Al-Awsat, 2 Jul 2026). It granted eight new licences in early 2026, bringing to 61 the companies working in its concession, and targets deliveries of 1.5 tonnes of gold to the Central Bank of Egypt by end-2026 and 6 tonnes a year by 2030. Atar (30 Mar 2026) calls it 'the state's principal arm in gold exploitation south of the Eastern Desert', operating between latitudes 22 and 24 north including the Iqat mine, with over 900 kg produced in 2024. Arabi21 (22 Jun 2026) gives the shareholding as Egyptian armed forces 34%, Mineral Resources Authority 35%, National Investment Bank 24% and a fourth state company 7% (single source, not checked against a company register). Atar's table shows Egypt's gold exports to the UAE exceeding its own production in 2023 (17.38 t produced, 28.5 t exported), 2024 (19.9 / 31) and 2025 (17.3 / 50), 'pointing to additional inflows beyond local output'.
- Response
- Not applicable: these are descriptive facts. Ownership split not confirmed by the company.
- Sanctions
- None found.
›Research notes
Role and targets rest on two outlets read directly (Asharq Al-Awsat, Atar). Shareholding is single-source (grade C on its own).
Allegation that smuggled Sudanese gold is delivered to Shalateen in Aswan - not corroborated in pass 3
2025-2026
The only source remains the investigation republished by Sudan Akhbar on 8 Aug 2026, which cites smugglers' testimony and an unnamed 'Sudanese security source', and itself says it could not verify the claim. Pass 3 searched in Arabic and English for the original publisher and for any second source and found neither. Other gold investigations read directly do not name Shalateen as a buyer of Sudanese gold: Middle East Eye (17 Nov 2024, read in Noon Post's Arabic translation) says Egyptian authorities are 'accused of turning a blind eye' and that carriers from the Ababda, Rashaida and Bishari groups deliver at pre-agreed points in Aswan, Luxor, Kom Ombo and Edfu; Beam Reports (2025) quotes one trader that routes are 'coordinated in advance with government bodies and border intelligence in both Sudan and Egypt' with 'official bodies providing protection all the way to Cairo'; Atar (2026) describes blending and re-export under Egyptian origin without naming a buyer.
- Response
- The republished investigation says Shalateen, the Egyptian mineral resources authority and the Central Bank of Egypt did not reply. No later statement found.
- Sanctions
- None.
›Research notes
Single unattributed source. Keep as an unverified allegation or drop.
2 more records below grade A (corroborated, single-source or unverified). Change “Evidence shown” to see them.
1 more record at grade C (single source) or D (unverified lead). Change “Evidence shown” to see it.
1 more record at grade D (unverified lead). Change “Evidence shown” to see it.
Ownership and control · 1
- →
To Egypt
Egyptian state-owned gold company (armed forces reported to hold 34%) · 2012-2026
1 more relationship below grade A (corroborated, single-source or unverified). Change “Evidence shown” to see it.
1 more relationship at grade C (single source) or D (unverified lead). Change “Evidence shown” to see it.
Money · 1
1 more relationship below grade A (corroborated, single-source or unverified). Change “Evidence shown” to see it.
1 more relationship at grade C (single source) or D (unverified lead). Change “Evidence shown” to see it.
1 more relationship at grade D (unverified lead). Change “Evidence shown” to see it.
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From SAF-run or SAF-partnered mining sites (alleged)
output allegedly handed to official Egyptian buyers at the border (unverified; original outlet unknown) · 2025 to 2026
- Based in
- Egypt
- Also named
- United Arab Emirates (1)
- Places
- Shalateen, Cairo
Connected to the SAF only when single-source claims are counted.
›Possible links to investigate · 1