Awani Review

Complete News World

Will not only Morocco, but Australia and Tunisia soon want to be among the giants of rare metals?

Will not only Morocco, but Australia and Tunisia soon want to be among the giants of rare metals?

On April 8, 2024, Morocco closed a deal with Australian lessor Fortescue that could pay off big. Another Australian big name, PhosCo Ltd (formerly Selamin Holdings), firmly established in Tunisia, is looking to grow and bring in big returns. The mining company announced that it has received a prospecting permit for lead and zinc from Ras Khijir, an area that has produced gold veins in the past. So in this global race towards the essential minerals that will create tomorrow's industries, why not other consumables sooner rather than later…

North Tunisia's phosphate basin has renewed interest. Australia's Bosco Ltd is awaiting a final decision from the authorities on a phosphate mining permit at Segharna, which extends to the perimeter of Ras Kijir, a 60 km² area that produced until 1948.

PhosCo Ltd says it is technically and financially strong enough to tick all the ASX listing boxes. Its ambitions are big: a leading unit for the production of fertilizers in the phosphate basin of northern Tunisia. Australian has submitted 3 permit applications to mine rare metals and minerals.

The company can count on the most advanced team in Tunisia and spending more than a million dollars in the second half of 2023 proves that there is hope for the future. To be continued…

See also  Attention Vietnamese scientist in Australia