Egypt’s Wadico signs kaolin value-add deal with ASCOM, ACCM

Egypt’s New Valley Company for Mineral Resources and Oil Shale (Wadico) on Wednesday signed a tripartite memorandum of understanding (MoU) with ASEC Company for Mining (ASCOM) and ASCOM Carbonate and Chemical Manufacturing (ACCM).

The agreement, signed on the sidelines of Egypt Mining Forum 2025, aims to maximise the added value of Egyptian sand kaolin by processing and refining it to 2-micron particle size at ACCM’s facilities in Minya Governorate.

The refined material will support a wide range of industrial uses and improve Egypt’s competitiveness in both domestic and international markets.

Under the agreement, Wadico will provide licensing and concession areas in Ras Ghareb, while ASCOM will handle geological and mining operations. ACCM will be responsible for processing and marketing the refined kaolin through its global network across more than 45 countries.

The deal reflects Egypt’s strategic direction toward converting raw materials into export-ready industrial products and sets the stage for future partnerships in other key minerals.

Attribution: Amwal Al Ghad English

Subediting: M. S. Salama