The "Jordanian Integrated Company- Manaseer Group" and the Ministry of Energy and Mineral Resources sign a Memorandum of Understanding for copper mining the Nature Reserve of Dana.

The "Jordanian Integrated Company- Manaseer Group" and the Ministry of Energy and Mineral Resources sign a Memorandum of Understanding for copper mining the Nature Reserve of Dana.

2016-07-22

The Jordanian Integrated Company – Manaseer Group signed a memorandum of understanding (MoU) with the Ministry of Energy and Mineral Resources, giving the company the license to carry out copper mining in the Nature Reserve of Dana in the southwest of the Kingdom of Jordan.

 

This memorandum of understanding was signed by Manaseer Group Vice Chairman Mr. Muin Qadadeh, and the Minister of Energy and Mineral Resources Dr. Ibrahim Saif. Which announced on the sidelines of the energy conference held in Amman, its aim is to carry out the exploration of copper and associated minerals and the study of the economic feasibility.

 

Under this MOU the two parties agreed on cooperating on the exploration and evaluation of copper ore locations in the concession areas, in addition to assessing the possibility of producing copper and associated minerals for commercial scale.

 

As per the agreement, the Ministry of Energy will provide the Jordanian Integrated company with all available information and the documents necessary for the authorization of the negotiations to conclude the final metals’ agreement, where the company implements a program for the excavation and mining of copper and associated minerals in the area agreed on.