Amman, Sep. 11 (Petra) – The National Arab Mining Company (NAMC) and the Jordan Uranium Mining Company (JUMCO) on Thursday signed a memorandum of understanding (MoU) to enhance cooperation and explore investment opportunities in uranium and rare earths mining in the Kingdom, with participation from strategic partners from Kazakhstan and Uzbekistan.

The MoU outlines cooperation in identifying and assessing investment opportunities, attracting strategic partners and investment alliances, and developing the commercial and financing frameworks required for joint projects.

The NAMC CEO Ayman Ayyash described the MoU as a strategic step to reinforce Jordan’s position as a regional hub for the mining industry, especially in uranium and rare earths.

JUMCO General Manager Mohammad Shannaq stressed the company’s commitment to developing regional and international partnerships that strengthen the national economy and open avenues for sustainable investment. He added that the agreement advances integration between national and regional expertise and helps establish a strong industrial base in the mining sector.

He noted that the MoU underscores JUMCO’s commitment to global best practices in exploration, extraction, and manufacturing, ensuring economic added value for the Kingdom while upholding high standards of environmental safety and sustainability.

//Petra// AJ

11/09/2025 13:40:41