On the signdlines of the Egypt Mining Forum 2023, Minister of Petroleum and Mineral Resources, Tarek El Molla witnessed the signing of two memoranda of understandings (MoUs) between Lionsbridge and both Misr Phosphate Company, the General Authority for the Economic Zone of the Golden Triangle.

The first MoU for the implementation and operation of the phosphoric acid plant project in the economic zone of the Golden Triangle. The MoU was signed by Brian Wesson, Executive Chairman of Lionsbridge; Clyde Wesson, Executive Director of Lionsbridge; and Adel Saeed, Chairman of the General Authority for the Golden Triangle Economic Zone.

The second MoU came between the Misr Phosphate Company and the Australian Lionsbridge Company regarding the supply of phosphate ore needed for the phosphoric acid plant project in the economic zone of the Golden Triangle. It was signed by Wesson and Mohamed Abdel El Azim, Chairman of Misr Phosphate Company.

After the signing, El Molla stated that there is an interest from the state to establish major projects to maximize the added value of mineral resources, and to achieve new revenues from their manufacture.

The phosphoric acid project embodies the ministry’s strategy in exploiting mineral resources, the minister noted.