Energy Ministry signs MoU to explore copper ore in Wadi Al Malaqa

AMMAN — Ministry of Energy and Mineral Resources Saleh Kharabsheh on Tuesday signed a memorandum of understanding (MoU) with Metal Bank Limited (MBK) Australia, to conduct exploration studies for copper ore in Wadi Al Malaqa, south of the Dead Sea.

Kharabsheh and MBK representative in Jordan Lana Salameh signed the memorandum, the Jordan News Agency, Petra, reported.

Kharabsheh said that the MoU will allow the Australian company to explore and mine for copper in Wadi Al Malaqa for a 24-month period on an area spanning over 25 kilometres. 

He noted that during the contract period, the company will carry out a study to assess ore reserves and prepare economic feasibility studies. Previous studies conducted in the area indicate “good" concentrations of copper ore, he added.

According to the minister, Jordan is "important" for companies working in mining exploration and investment due to the continuous demand and interest in the energy transition.

He also stressed the ministry's plans to expand the use of mineral resources and stimulate investment in several "promising" areas.

Since last year, the ministry has signed 10 memos with several companies specialised in lithium, copper, gold, rare earth elements and phosphates, Kharabsheh said, noting that the companies are working towards submitting economic feasibility studies. Upon the conclusion of these studies, it will be decided whether each company will be party to executive memos.