Search Site

Trends banner

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Jordan’s energy ministry signs two MoUs for copper, gold exploration

The Energy Ministry signed an MoU with a Turkish company also. (Petra)
  • The Jordan Integrated Mining and Exploration Company will conduct a 16-month copper exploration of a 78-square-kilometre area.
  • The Turkish "Solvest Trade and Industry Limited Company" will conduct a 14-month gold exploration in the Abu Khashiba Valley.

The Ministry of Energy and Mineral Resources on Sunday inked an MoU with a local company to explore for copper in the Dana region of Jordan’s south.

Another MoU with a Turkish company was signed to explore for gold in the Abu Khashiba region, also south, media reports said.

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

Also, the Turkish “Solvest Trade and Industry Limited Company” will conduct a 14-month gold exploration in the Abu Khashiba Valley region of Jordan’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 struck in April to explore copper in the same region.