Latest news with #EnergyandMineralResources
Jordan News
17 hours ago
- Business
- Jordan News
Jordan Signs First Executive Agreement for Copper Ore Mining - Jordan News
In a landmark move for Jordan's mining sector, Minister of Energy and Mineral Resources Dr. Saleh Al-Kharabsheh and Hani Ma'touq Al-Asmar, Director General and Board Member of Wadi Araba Minerals Company, signed Jordan's first executive agreement for the exploitation of copper ore on Sunday. اضافة اعلان The agreement grants the company rights to mine 48 square kilometers in the Abu Khushaibeh area of Wadi Araba, south of the Dead Sea, for a 30-year period. Key Highlights of the Agreement: Strategic Significance: Dr. Al-Kharabsheh emphasized that the project aligns with Jordan's Royal Vision and the Economic Modernization Vision, aiming to boost the mining sector, enhance economic growth, and create jobs. Estimated Copper Reserves: Preliminary feasibility studies show an estimated 20–30 million tons of copper ore in the region, with economically viable concentration levels. The ministry plans to continue studying reserves in igneous rock formations in the area. Local Processing Requirement: The agreement prohibits the export or sale of raw copper ore, requiring the company to process extracted materials locally to a specified purity level before any sale or distribution—maximizing local economic benefit. Revenue Sharing & Royalties: A minimum royalty of 3% on gross revenue is set, increasing with global copper prices. Jordan will also collect 31% in taxes from net profits, in accordance with national regulations. Public Offering Requirement: The company must offer at least 49% of its shares for public subscription while retaining up to 51%. It must also comply with environmental and legal standards for public shareholding companies in Jordan. Implementation Commitments: Wadi Araba Minerals has pledged to begin work promptly, including constructing a specialized copper product manufacturing facility. The company must also submit a performance bond and proceed with legislative procedures for the required mining concession law. Broader Mining Sector Developments: Dr. Hisham Al-Zayoud, Director of Geology and Mining at the Ministry, stated that the ministry is also finalizing: Executive agreements for gold mining in Abu Khushaibeh and rare earth elements with New Environmental Company. Copper mining in Dana with Integrated Company. Two agreements for phosphate mining in Risha with Arab Mining Company and Tasnīm Company of Oman. The Council of Ministers had approved the copper mining agreement in its session last Wednesday, recognizing copper as a strategic mineral under special mining concession legislation. The signing ceremony was attended by Secretary General Eng. Amani Al-Azzam, ministry technical committee members, and the technical team from Wadi Araba Minerals Company.
Jordan News
4 days ago
- Business
- Jordan News
Minister of Energy: Al-Samra Power Generation Company Contributes About 30% of Jordan's Electricity Needs
On Thursday, the Minister of Energy and Mineral Resources, Saleh Al-Kharabsheh, sponsored the Independence Day celebration organized by Al-Samra Power Generation Company in the Hashmiya area of Zarqa Governorate. The event was attended by the Director General of the National Electric Power Company, the Chairman of the Board of Commissioners of the Energy and Minerals Regulatory Commission, and several officials and dignitaries from Zarqa city. اضافة اعلان Al-Kharabsheh stated that Al-Samra Power Generation Company contributes about 30% of the Kingdom's electricity needs, making it one of the largest and most important energy companies in Jordan. He reviewed the achievements in the energy sector, noting that Al-Samra station began commercial production in 2005 with the first gas turbine having a capacity of 100 megawatts. The station's current nominal capacity has reached 1,241 megawatts, with a total capacity expected to reach 1,834 megawatts by 2025. He explained that the station is managed with high efficiency by national staff, with a large portion coming from Zarqa Governorate, which enhances the company's role in supporting local communities and creating job opportunities. Al-Kharabsheh emphasized that the economic modernization vision serves as a roadmap for Jordan, viewing the energy sector as a key driver for other sectors and a main pillar of the national economy. He stressed the importance of confronting current challenges, turning them into opportunities, and aiming to achieve many future ambitions. He also noted that the government is working to fully secure the Kingdom's natural gas needs from the Risha field within the next five years, thanks to the efforts of the National Petroleum Company's teams. For his part, the Director General of Al-Samra Power Generation Company, Engineer Sami Al-Zwaitin, praised the company's achievements since its establishment in 2005 until 2025, during which electricity production increased about twelvefold. Al-Zwaitin added that the company operates with Jordanian hands, pointing out that it contributes to generating more than 30% of the country's electricity production, and that Jordan has witnessed significant development in the energy sector, especially electricity.
Jordan News
20-05-2025
- Business
- Jordan News
King Abdullah II and Maltese Prime Minister Discuss Bilateral Relations and Regional Developments - Jordan News
King Abdullah II and Maltese Prime Minister Discuss Bilateral Relations and Regional Developments His Majesty King Abdullah II met with Maltese Prime Minister Robert Abela at Al Husseiniya Palace on Monday to discuss bilateral relations and the latest regional developments. اضافة اعلان At the beginning of the meeting—attended by His Royal Highness Crown Prince Al Hussein bin Abdullah II—His Majesty highlighted the importance of the Prime Minister's visit in strengthening the solid ties between Jordan and Malta. King Abdullah emphasized that the signing of memorandums of understanding and an agreement between the governments of Jordan and Malta during the visit reflects both countries' commitment to enhancing cooperation between their private sector institutions. For his part, Prime Minister Abela praised Jordan's efforts, under the leadership of King Abdullah, in promoting stability and peace in the region, as well as the Kingdom's role in providing medical care to children from Gaza and services to Syrian refugees. King Abdullah and Prime Minister Abela also stressed the importance of coordination regarding the reception and treatment of sick children from Gaza in both countries. The meeting addressed regional developments, with King Abdullah reiterating the need to end the war on Gaza, ensure the delivery of humanitarian aid, and intensify efforts to de-escalate tensions in the region. His Majesty warned that the escalation in the West Bank and Jerusalem, along with attempts to forcibly displace Palestinians, pose a threat to regional stability. He reaffirmed Jordan's commitment to working with friends and allies to achieve peace and expressed appreciation for Malta's role in these efforts. King Abdullah and Prime Minister Abela witnessed the signing of a framework cooperation agreement between Jordan and Malta, along with three memorandums of understanding in the fields of water and energy, tourism, and archiving and language exchange. The meeting was attended by Prime Minister Dr. Jaafar Hassan, Deputy Prime Minister and Minister of Foreign Affairs and Expatriates Ayman Safadi, Director of His Majesty's Office Eng. Alaa Batayneh, Minister of Industry, Trade and Supply Yarub Qudah, Minister of Energy and Mineral Resources Dr. Saleh Kharabsheh, Malta's Ambassador to Jordan Dr. George Said Zammit, and the accompanying delegation. —(Petra)
Roya News
19-05-2025
- Politics
- Roya News
King, Malta PM discuss bilateral ties, regional developments
His Majesty King Abdullah II, during a meeting with Prime Minister of Malta Robert Abela on Monday, discussed bilateral relations and regional developments. During the meeting at Al Husseiniya Palace, which was attended by His Royal Highness Crown Prince Al Hussein bin Abdullah II, His Majesty highlighted the importance of Prime Minister Abela's visit in enhancing the strong ties between Jordan and Malta. The King said the signing of the cooperation agreement and memorandums of understanding between the governments of Jordan and Malta reflects the shared commitment to increasing collaboration between the private sectors of the two countries. For his part, Prime Minister Abela commended Jordan's efforts, led by His Majesty, to promote stability and peace in the region, and provide medical care for Gaza's children, as well as refuge and assistance to Syrian refugees. The King and Prime Minister Abela highlighted the importance of coordination between the two countries regarding receiving sick and injured children from Gaza for medical treatment. The meeting also touched on current developments in the region, with His Majesty reiterating the need to immediately reinstate the ceasefire in Gaza, ensure the continued flow of humanitarian aid, and step up international efforts to de-escalate the situation in the region. The King said escalations in the West Bank and Jerusalem, and attempts to displace Palestinians threaten the stability of the entire region. His Majesty said Jordan remains committed to working with allies and neighbouring countries to achieve peace, praising Malta's role in this regard. The King and the prime minister of Malta witnessed the signing of a framework agreement for cooperation between the two countries, and three memorandums of understanding in the fields of water and energy, tourism, and archiving and language exchange. Prime Minister Jafar Hassan, Deputy Prime Minister and Foreign Minister Ayman Safadi, Director of the Office of His Majesty Alaa Batayneh, Minister of Industry, Trade and Supply Yarub Qudah, Minister of Energy and Mineral Resources Saleh Kharabsheh, Malta's Ambassador to Jordan George Said Zammit, and the accompanying Maltese delegation attended the meeting.
Jordan News
07-05-2025
- Business
- Jordan News
Minister of Energy Follows Up on Reconstruction of Ma'an–Qatra...
اضافة اعلان Jordan's Minister of Energy and Mineral Resources, Dr. Saleh Kharabsheh, accompanied by Dr. Sufian Al-Bataineh, Director General of the National Electric Power Company (NEPCO), and Engineer Ziad Al-Saaydeh, Chairman of the Energy and Minerals Regulatory Commission, visited the Ma'an–Qatraneh 400 kV transmission line site on Wednesday to inspect reconstruction efforts after several towers collapsed during a February to NEPCO's official statement, the minister received a briefing on:Progress made on the project so far,Completion rates, andMaintenance actions undertaken in southern Kharabsheh stressed the urgency of completing the project, highlighting the line's strategic importance for ensuring the stability of Jordan's national Al-Bataineh noted that NEPCO responded immediately after the incident, initiating:An emergency action plan to rebuild the towers,Requests for bids from pre-approved companies, andOperational adjustments and reinforcement of other towers on the also said the project is expected to be completed ahead of schedule, with full re-electrification of the 400 kV additionally reaffirmed the importance of the Green Corridor Project, energized in 2021, which has played a vital role in strengthening grid stability and was a success in NEPCO's strategic Ma'an–Qatraneh 400 kV transmission line sustained tower collapses in February due to severe weather conditions. Fortunately, no power outages were reported at the time.
