CAIRO, July 18 (Xinhua) -- The Egyptian Mineral Resources and Mining Industries Authority (MRMIA) and China's Asia-Potash International Investment (Guangzhou) Co., Ltd. signed on Friday a Memorandum of Understanding (MoU) to enhance cooperation on phosphate exploration and promote value addition in the sector.
The agreement between MRMIA and Asia-Potash seeks to strengthen joint cooperation in the exploration and evaluation of phosphate ore reserves, and to maximize the added value of the vital resource, Egypt's Ministry of Petroleum and Mineral Resources said in a statement.
