The Director General of Jordan Mining Company, Dr. Hussein Al-Laboun, confirmed the extraction and production of the first kilogram of yellow cake was part of a pilot project to assess the economic viability of the mass production in Jordan.
The Hashemite Kingdom is following the request from Saudi Arabia to invest in its extraction and development of uranium ores.
This success from the production of the first kilogram of “yellow cake”, on the eve of the meeting of the Jordan Saudi Investment Fund, will reinforce the Hashemite Kingdom self-confidence to include the uranium mining business in the list of potential projects during the negotiation.
The joint investment fund will be held within the scope of the visit by the Custodian of the Two Holy Mosques King Salman bin Abdul Aziz to Jordan two days before the Arab Summit scheduled for the end of this month
Jordan Stock
The latest report on uranium stockpiles in central Saudi Arabia showed 8,100 tons of proven stocks and 31,000 tons as potential stocks.
In four years, the pilot plant will be able to produce up to 300-400 tons of yellow cake and will gradually be raised and attract strategic partnersfor investment.
