Search Site

Trends banner

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Alphabet posts first $100 bn quarter

The growth was powered by cloud division buoyed by AI

Nvidia to take stake in Nokia

Nvidia share price soars 20%.

Nestle to cut 16,000 jobs

The company's shares shoot up 8%.

Jordan energy ministry inks MoUs for copper, gold exploration

By swallowing up Newcrest, the US mining giant will cement its position as the world's biggest gold producer. (AFP)
  • Jordan's energy ministry inked an MoU with a local company to explore for copper in the Dana region of the Kingdom's south
  • The ministry signed an MoU with a Turkish company to explore for gold in the Abu Khashiba region, also in the south

Jordan’s Ministry of Energy and Mineral Resources inked a Memorandum of Understanding (MoU) with a local company to explore for copper and it also signed another MoU with a Turkish company to explore for gold.

As per the MoU, the local company will explore for copper in the Dana region of the Kingdom’s south. The Turkish company will explore for gold in the Abu Khashiba region, also in the south.

Under the first memorandum, the Jordan Integrated Mining and Exploration Company will conduct a 16-month copper exploration of a 78-square-kilometer area outside of the Dana Nature Reserve, Minister of Energy Saleh Kharabsheh said.

Under the second memorandum, the Turkish Solvest Trade and Industry Limited Company will conduct a 14-month gold exploration in the Abu Khashiba Valley region of the Kingdom’s south.

According to the minister, the Turkish company’s exploration area is approximately 155 square kilometers.

This is the second collaboration with the Turkish company following a memorandum of understanding signed in April to explore for copper in the same region.