
Egypt opens 1st phase of “Concentration, Extraction of Black Sand Minerals” in Rasheed
Chinese companies received equipment in return for 30% of raw material for 5 years
Chinese companies received equipment in return for 30% of raw material for 5 years
$15m potential annual revenues for state from project
Shareholders paid EGP 300m for issued capital, says Soltan
Company is negotiating with Electricity Ministry to provide 9MW to the plant
Australian, Canadian, Chinese, and US-American companies previously obtained the requirements brochure