Yasser Ramadan, Chairman of Egypt’s Mineral Resources and Mining Industries Authority (MRMIA), met with Reda Selim, Chairman of Egypt’s New Valley for Mineral Resources and Oil Clay (Wadico); Nasser Shaheen, Chairman of Misr Phosphate Company; and Cheng Yali, General Manager of China’s Hubei Xingfa Chemicals Group Company. The meeting focused on exploring ways to strengthen cooperation in executing value-added projects for phosphate ore, aiming to process it into high-economic-return industrial products.
During the meeting, the participants reviewed updates on the ongoing collaboration between the parties and followed up on the executive procedures for the joint project. They also discussed mechanisms to accelerate the pace of work in the coming phase, ensuring that the planned objectives are achieved according to the established timelines.
The meeting further reviewed the latest global industrial technologies and applications in phosphate manufacturing. Furthermore, discussions explored leveraging the Chinese company’s advanced technical expertise to facilitate the establishment of sophisticated downstream industries based on Egyptian phosphate raw materials, thereby achieving the highest possible value-added.
Ramadan stated that MRMIA prioritizes value-added projects for mineral ores, in line with the Ministry of Petroleum and Mineral Resources’ directives to maximize the economic return from natural resources. He emphasized providing all necessary support and facilitations to ensure the success of future projects aimed at increasing the value-added of phosphate ore and enhancing the competitiveness of Egyptian products in regional and global markets.”
The participants agreed to form a joint working group comprising representatives from all participating parties. This team will maintain coordination, prepare the necessary technical and economic studies, and establish priorities for cooperation and implementation plans. These actions serve as a prelude to taking practical steps to launch joint projects that maximize the value-added potential of phosphate ore and achieve the optimal utilization of Egypt’s mineral wealth.
Hubei Xingfa Chemicals Group Company focuses on the development and manufacturing of a full range of phosphorus-based chemicals. With its headquarters in Hubei Yichang, the company has been listed on the Shanghai Stock and Securities Market since 1999.
