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Buy Iron Ore in Egypt - A Country Abundantly Rich in Minerals
Egypt is rich in minerals and it is the mining that constitutes the backbone of the Egyptian economy. The country boasts of huge deposits of tantalite, coal, iron ore and it has also resulted in substantial growth of the industrial form of phosphate rock fertilizer Egypt. There are other minerals like asbestos, quartz and such others. All said and done Egypt has one of the largest deposits of mineral resources in the world.
While the international interventions in the mining sector in Egypt have been comparatively limited, there have been a couple of multi nationals that have been running operations in Egypt with substantial values. Some of the leading companies are from Canada, Australia, and Dubai who are carrying out mining operations in the country.
Booming Fertilizer Industry
Rock phosphate fertilizer Egypt is a booming industry despite the extreme price fluctuations that often take place in the fertilizer market. Sometimes these fertilizers are used for nourishing the plants that provide fruits and other valuable things besides the grains. Phosphate rock is basically sedimentary rock that contains substantial amount of minerals with phosphate contents that could be in the range of 15 percent to 20 percent. This is much greater than the traditional sedimentary rock that contains only 0.2 percent or even less of phosphate. Abundance of high phosphate containing minerals has boosted the production of phosphate fertilizers in Egypt and they are also exporting huge quantity of such fertilizers to other countries.
Iron Ore Mining in Egypt
One of the minerals that is found in huge quantity and is mined consistently in Egypt is iron ore. Many countries across the globe procure iron ore from the Arabian country. However to buy iron ore in Egypt an overseas company will require permission and following certain protocols. Mineral potential of the country is high and a large part of it is constituted with iron ore. However unlike many other industrial sectors in which Egypt has made substantial progress, the mining sector has not improved because the technologies used continue to be primitive in nature. The reason is that the investments are large and time taking which the return is low and slow to come by. That is why Egyptian traders do not prefer the mining business and they usually leave it to overseas traders who desire to buy iron ore in Egypt. Only thing they require is a good local facilitator who would carry out the business for them.
The exception to this common rule is the coal mining industry in Egypt. The industry is fully automated long walled operations. Coal is also one of the most important metallic mineral commodities in the country. In terms of geological background as well as reserves and also the production rates with the proper technologies involved in the process.
Aspirations of every Coal Supplier in Egypt suffered a setback when the Egyptian Government decided to allow the cement producers in the country import coal for energy. This brought up huge protests from all parts of the country. The protesters feel that indulging in coal import could lead the country into a future that is largely dependent on fossil fuel.
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