Major General Magdy El -Tawil, head of the Egyptian Black Sand Company, said that the black sand exploitation project underwent a feasibility study by the Australian company Roche MINIG for a period of three years, which included evaluating the economic return of the project, environmental impact, marketing, and mining reserve excellent and tempting investment.
“Al-Tawil” was mentioned in press releases made alongside President Abdel Fattah El-announcement Sisi’s of the launch of the Black Sand Factory in the city of Burullus, Kafr El-Sheikh Governorate. It produces a hard currency for the nation by exporting the excess of those minerals, for which there is a growing worldwide demand, and which is used in numerous strategic industries, such as the manufacture of aircraft, oil, and missiles.
The spokesperson for the Presidency of the Republic, stated that the Black Sand Factory in Kafr El -Sheikh is the latest of its kind in the world using advanced mining technology, and it is considered a new addition to the series of major national projects that aim to maximize the optimal benefit and exploitation of Egypt’s natural resources, and achieve the added value of the minerals extracted from The black sand opens up opportunities for new investments that assist the national economy and the overall development process because it is employed in many micro enterprises.
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The project’s investment appeal has been demonstrated by the feasibility study, according to the president of the Egyptian Black Sand Company.
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