Singapore-based commodity trading company Wilson International Ltd. and Egypt’s El Nasr Mining Company and Al Safy Group have signed a partnership agreement to establish a company to set up and operate a phosphate beneficiation plant in Egypt, according to a report by news portal Zawya, citing Egyptian media.
According to some reports, the signing was completed in Cairo on Jan. 24 through Wilson International Trading (India) Private Ltd., an Indian subsidiary of Wilson. No further details of the proposed project were immediately available.
“This project represents an added value for phosphate ore and will support the import, export, and storage of phosphates,” said Egyptian Public Business Sector Minister Mohamed Esmat, as cited by the report.