Copper in Jordan shows growth with Abu Khshiba promising and government profits up to 50
Initial indicators from the copper exploration project in the Abu Khshaiba area south of Jordan have shown great success. The company estimates approximately 20.9 million tons of copper ore with a concentration grade of 0.38%, with expectations of increasing reserves as exploration continues. The government anticipates financial returns of up to 50% of the net profits from the project, along with a ban on exporting raw copper to promote local manufacturing processes. The current phase involves drilling and sample analysis, with plans to update the estimates and prepare a final feasibility study within 24 months. Additionally, a pilot plant is to be constructed to test extraction efficiency, which has exceeded 99% in some tests. The project aims to support Jordan's economy and add value by exporting locally manufactured products.
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