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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Phosphate and silicon industry on the table of Baghdad and Amman.. The financial return of Iraq's re

    Rocky
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    Phosphate and silicon industry on the table of Baghdad and Amman.. The financial return of Iraq's re Empty Phosphate and silicon industry on the table of Baghdad and Amman.. The financial return of Iraq's re

    Post by Rocky Fri 16 Dec 2022, 5:42 am


    [size=30]Phosphate and silicon industry on the table of Baghdad and Amman.. The financial return of Iraq's reserves is sufficient for budgets for 20 years

    2022-12-16
    [/size]
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    Yes Iraq: Baghdad

    Iraq did not move towards investing in the minerals and natural resources it possesses, despite the threats that affect the “oil” era, on which Iraq depends entirely to provide its financial revenues.
    Recently, a meeting and a joint discussion session between the Iraqi Minister of Industry Khaled Battal, the Jordanian Minister of Industry and Trade Yusef Al-Shamali, and the Jordanian Minister of Energy and Mineral Resources, Saleh Kharabsheh, touched on cooperation to invest in minerals and natural resources, specifically phosphates and silicon.
     
    In a joint statement by the two sides, there was an emphasis on several axes of cooperation, including phosphates, as it was emphasized that minerals and phosphates are the future of the two countries, and a joint action mechanism must be established to invest wealth. This file will be discussed in a broader manner after being studied by technicians, according to the statement.
     
    As well as silicon, where it was pointed out that the world is moving towards technology and digitization, and this is based on silicon, and the assertion that Iraq possesses many raw materials that have not been exploited, and it is possible to reach a real partnership between the two parties in the field of mineral wealth investment.
     
     
    Iraq is ranked second among the largest phosphate reserves in the world, as the reserves in the western desert of Iraq are estimated at more than 10 billion tons; This means that it holds 9% of the total global reserves of this substance.
    The average price of a ton of phosphate during the current year is more than $150 per ton, which means that the value of what Iraq possesses of phosphate amounts to $1.5 trillion, which is equivalent to Iraq's budget for a period of 15 years.
    As for silicon, it is an industry that is concentrated and relies mainly on raw silica, which is largely found in the sands of the Western Desert and Anbar.
    The price of a ton of silica sand is only $7.7 per ton, but the higher the purity of silica sand, the higher its physical value, reaching about $60 per ton, especially since purification processes do not cost much and a purity of 98.5% can be reached by simple and available technical means, and hollow silica prices jump Which are prepared industrially for a price per kilogram of hundreds of dollars.
    And if silica is invested and purified and silicon is made from it, then the price of a ton of silicon is $10,000 per ton, which means that if 50 million tons of silicon are produced out of the 75 million tons of silica owned by Iraq, then its revenues will amount to $500 billion, which is enough to budget for Iraq for a period of 5 years. .
     
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