Jordan Launches Project to Explore Lead, Zinc, Gold

Energy and Mineral Resources Minister Saleh Kharabsheh on Saturday launched a project to explore lead, zinc, and gold in the Samrat Teibah area in Wadi Araba (Petra photo)
Energy and Mineral Resources Minister Saleh Kharabsheh on Saturday launched a project to explore lead, zinc, and gold in the Samrat Teibah area in Wadi Araba (Petra photo)
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Jordan Launches Project to Explore Lead, Zinc, Gold

Energy and Mineral Resources Minister Saleh Kharabsheh on Saturday launched a project to explore lead, zinc, and gold in the Samrat Teibah area in Wadi Araba (Petra photo)
Energy and Mineral Resources Minister Saleh Kharabsheh on Saturday launched a project to explore lead, zinc, and gold in the Samrat Teibah area in Wadi Araba (Petra photo)

Jordan's Energy and Mineral Resources Minister Saleh Kharabsheh launched Saturday a project to explore lead, zinc, and gold in the Samrat Teibah area in Wadi Araba.

Jordan News Agency (Petra) quoted Kharabsheh as saying that the Ministry of Energy is carrying out the project within the framework of a national mining project launched by the ministry in early 2021 to explore mineral wealth in the Kingdom's lands within the Nubian Arabian Shield, an area rich in minerals.

The minister hoped that the mining sector would play an essential role in the economic development process, especially since such projects are in areas that need development and the creation of more job opportunities.

The Samrat Teibah project is expected to finish by this year's end before marketing it as an investment opportunity.

Kharabsheh said that the ministry is signing a memorandum of understanding with a company to exploit eastern phosphate ores and is studying investment requests in potash in the Dead Sea.

He noted that mining projects require time to collect samples, analyze them, and prepare economic feasibility studies for investment.

Kharabsheh stressed that the ministry continues implementing such projects, given their impact on the national economy and its added economic value.

Director of Studies at the Ministry of Energy Hisham al-Zyoud said that seven exploratory wells were drilled within the region, which showed positive results, noting work will continue to dig a group of wells as well.

He noted that preliminary results of samples collected by the ministry's team showed indications of gold ratios in the valleys samples reaching 20 parts per billion (ppb), while zinc concentrations exceeding 1,000 parts of gas per million parts of air (ppm), which is equivalent to a kilogram of metal concentrated in a ton of river sediment.

Zyoud added that the lead metal exceeded 170 ppm, equivalent to 170 concentrated grams of a ton of sediment.



E-commerce Giant Alibaba Has Completed 3-year 'Rectification' Period

Alibaba Group has completed three years "rectification" following a fine levied in 2021 for monopolistic behavior. Reuters
Alibaba Group has completed three years "rectification" following a fine levied in 2021 for monopolistic behavior. Reuters
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E-commerce Giant Alibaba Has Completed 3-year 'Rectification' Period

Alibaba Group has completed three years "rectification" following a fine levied in 2021 for monopolistic behavior. Reuters
Alibaba Group has completed three years "rectification" following a fine levied in 2021 for monopolistic behavior. Reuters

China's State Administration of Market Regulation issued a statement on Friday saying Alibaba Group had completed three years "rectification" following a fine levied in 2021 for monopolistic behavior.
In 2021, the regulator slapped a record $2.75 billion fine on the e-commerce giant for abusing its market position by forcing merchants on its platforms not to work with rival platforms.
The regulator's statement said Alibaba's rectification work had achieved "good results" and that it would continue to "guide" Alibaba to continue to "regulate its operations and improve its compliance and quality."
The fine levied on Alibaba in 2021 came during a period of intense scrutiny for the business empire founded by billionaire Jack Ma, Reuters reported. A $37 billion IPO by the finance arm he founded, Ant Group, was also scuttled following Ma's public critique of the country's regulatory system in late 2020.
Alibaba, in its own statement, described the regulator's announcement on Friday as a "new starting point for development" and said it would continue to "promote the healthy development of the platform economy and create more value for society."