Engineer Karim Badawi, Minister of Petroleum and Mineral Resources, witnessed the work of the General Assembly of the New Valley Company for Mineral Resources and Children’s Child & LDQUO; Wadiko & rdquo; To adopt the results of the work in 2024.
& nbsp; Especially from phosphates, indicating that the next stage will witness the focus on manufacturing raw materials locally instead of exporting them in their initial form in order to achieve the maximum economic benefit. Which implements the mining activity tasks in its various stages, extracting and exploiting mining raw materials, as he directed a clear future plan for the company aimed at enabling it to start working outside Egypt for the first time. Occupational safety and health is among the main axes of discussions at the Egypt International Mining Forum EMF in next July. The minister stressed that the project, which was keen to open at the beginning of this month, is a role model for the integrated community projects, which meet the needs of citizens and support & nbsp; Environmental sustainability, indicating his aspiration to repeat this successful experience in other regions within the social responsibility strategy for the oil and mineral wealth sector. Al -Ramli and Al -Fallsbar, from sites that extend between the Edfu regions of Aswan and the Qena Valley in southern Egypt. He emphasized that & quot; Wadiko & quot; It has a strong infrastructure and advanced logistical capabilities of equipment, devices and laboratories, which are currently being strengthened to keep pace with ambitious growth plans and increase production during the coming years. , Concrete results were achieved in 2024 to maximize exploration, extraction, production and contracting work, most notably the expansion of excavation activities for phosphate crude, which resulted in confirmation and addition of new reserves estimated at about 6.6 million tons, an unprecedented increase of 160% compared to what was added in 2023, and an increase of 53% over the total of what was confirmed since the start of the company. Year. With 6.4 million tons, compared to only 5 million tons at the beginning of 2024, which reflects the efficiency of work in extraction in parallel with the glorification of the reserve, and as a strong indication of business sustainability, Wadiko currently has a certain mining reserves covering its contractual obligations until 2030, pointing out that raising the efficiency of work in exploration and extraction sites and supporting them with the latest surveying devices & nbsp; . As for the sandy Kauline crude, Ghoneim explained that the company plans to maximize the added value from this crude, which increased its production by 20% during the year 2024 to about 186,000 tons. Show & nbsp; Her plan to support her technical and technological capabilities, which enhances her ability to work in various locations with high efficiency based on & nbsp; Catched human cadres and accumulated experiences representing a pillar of work in foreign markets, and currently performs the necessary studies aimed at entering 4 Arab and African countries. 2023. Legal in the Ministry, members of the Board of Directors and representatives of the Central Auditing Agency.
