The Ministry of Petroleum and Mineral Resources began expanding the research and exploration works for phosphate ore through the implementation of an urgent plan for exploration work on 450 square kilometers of Egypt’s phosphate concession areas in the New Valley, Aswan, and the Red Sea governates, Al Ahram reported.
PhosPhate Misr’s Chairman Mohamed Abdel-Azim said that the assignments have begun, during the company’s general assembly meeting, to pump more investments to intensify research and exploration activities for natural resources and accelerate the development of new discoveries.
He explained that the company’s concession areas amount to 450 square kilometers, 250 square kilometers in the Abu Tartour plateau in the Kharga center in the New Valley, which is the largest area in which the company conducts exploration and extraction activities, 75 square kilometers in the Sebaia area in Aswan; 50 square kilometers in the Red Sea; and 75 square kilometers managed by the company after agreement with Egyptian Mineral Resources Authority (EMRA) in the Red Sea regions.
The company’s Vice President for Business and Projects Development, Tarek Imam Salama, stated that the company is carrying out institutional development work in full coordination with the Ministry of Petroleum and EMRA to develop the field of exploration, improve the performance of production activities and develop human resources, in addition to supporting decision-making and linking information.
On April 2nd, Minister of Petroleum and Mineral Resources, Tarek El Molla, announced the success of the PhosPhate Misr Project in achieving sales of 3.1 million tons of phosphate ore, and dollar revenues estimated at $98 million to support the national economy.
