Egypt’s ElSewedy Capital signs MoU for phosphate exploration in El-Sebaeya mines
The Egyptian Mineral Resources and Mining Industries Authority signed a Memorandum of Understanding (MoU) with ElSewedy Capital Investments. The MoU aims to establish a partnership for the exploration, exploitation and production of phosphate ore in the Nile Valley region (El-Sebaeya mines), in addition to increasing the concentration of the ore and preparing a feasibility study for establishing a factory to produce phosphate fertilizers.
