On the sidelines of Egypt Mining Forum, the New Valley Company for Mineral Resources and Oil Clay (Wadico) has entered several agreements for getting needed services in its different projects.

The first agreement was signed with the Egyptian Maintenance Company (EMC) to provide services needed for two projects. The first project is to supply and install a phosphate ore concentration and production line under the ownership lease system for five years. This project aims to increase the production rates to get the needed the required quantities and quality on time and thus achieve the company’s contracting plan.

While the second project is about establishing, supplying, and maintaining a solar energy station to generate electricity as clean and renewable energy in order to meet the needs of electricity in the production sites and reduce dependence on diesel.

Additionally, Wadico has inked an agreement with Petroleum Safety and Environmental Services Company (PetroSafe) to get ISO certificates including ISO 9001, ISO 14001, ISO 45001. According to the MoU, PetroSafe will grant these certificates through its affiliated entity Petrocert to Wadico’s headquarters, phosphate mine in Aswan, choline mine in Ras Gharib, and the yellow iron oxide mine in New Valley.

Additionally, Wadico has entered a deal with Tanmia Petroleum Company to expand its exploration operations which depends upon drilling. The deal states supplying and installing drillers used to drill exploratory wells and to operate and maintain the rig for a period of five years. The project aims to increase drilling rates to achieve the company’s exploratory plan to confirm and increase reserves, whether in the current areas or new areas, according to the established timetable.

The fourth MoU was between Wadico and the Egyptian Marketing Company for Phosphate and Fertilizers (EMPHCO) to coordinate and cooperate in exporting phosphate ore with its various concentrations to foreign markets using the (EX-Work) system and the (FOB) system as a first stage. The company also seeks, after gaining the necessary experience, to develop the export process in the future to export using the (CFR) system, leading to exporting using the (CFR) system. (CIF).