Exploitation & upgrade  the quality of Ilmenite

Project Name

Abu ghalaga – Eastern Desert / Abu ghoson  

Project Location

18 million tons

Project Reserve

1.providing new job opportunities

2.contributing to increasing the national income

3.contributing to developing of  the zone

4.contributing to redistribution of the population

5.can be considered as a model of mining projects

Project Description

Production of 17 tons Ilmenite per year  estimated about 425 thousand pounds

Production Capacity

30 years

Duration of Implementation

Almost 60 million  pounds

Total Cost

Almost 1620 million pounds & Almost 6500 million pounds after the concentration

Rate  of Return of Capital

The Egyptian Mineral Resources Authority (EMRA)

Responsible Entity for the Project

(EMRA) 70% , partner 30%

Earning ratio

The project will be financed by the joint venture company , which will recover its expenses after the production. By the end of the project the ownership will be transferred  to EMRA .

financing

2010

Start up date

Project  proposed for investment

Current Status