El Nasr Mining Co Egp10
EEGX:NMIN10.00
EGP
0.00
(0.00%)
El Nasr Mining Co Egp10
EGX:NMIN
(Egyptian Exchange)
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10.00
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ROIC.AI
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- Business
- El Nasr Mining Co Egp10 is an Egypt-based mining and mineral resources enterprise engaged in the exploration, extraction, beneficiation, processing, and distribution of industrial non-metallic mineral ores. Founded in 1960 and headquartered in Edfu, Aswan Governorate, Egypt, the company operates as a primary subsidiary of the Holding Company for Metallurgical Industries under the Ministry of Public Business Sector. The company manages extensive open-cast mining concessions spanning Upper Egypt, the Eastern Desert, and the Red Sea corridor, with distribution facilitated through integrated logistics networks and specialized deep-water export terminals at the Red Sea ports of Abu Ghusun, Hamrawein, and Safaga. The company offers a diversified portfolio of industrial mineral products, categorized into: rock phosphate in raw, crushed, concentrated, and ground grades with phosphorus pentoxide content up to 32% and above for phosphatic fertilizers, phosphoric acid production, and industrial chemicals; talc in cosmetic, pharmaceutical, paint, plastics, and ceramic grades; quartz for ferrosilicon manufacturing, metallurgy, and glass production; ball clay and kaolin in plastic and pisolitic grades for sanitary ware, ceramics, and refractories; feldspar for ceramic glaze and glass industries; barite for oil and gas drilling fluid applications; ilmenite; magnesite; natural manganese ores; iron oxide pigments; fluorite; agricultural gypsum for soil amendment; and quarry granite for structural applications. El Nasr Mining Co serves major domestic industrial manufacturers and exports bulk commodities to international markets throughout Asia and Europe, including India, Indonesia, Pakistan, and China. In recent corporate and operational developments, the Egyptian Exchange approved the listing of El Nasr Mining Co shares under the ticker symbol NMIN with an issued capital of EGP 600 million divided into 60 million shares at a par value of EGP 10 per share as part of the Egyptian state asset monetization and public offering program. Strategically, the company has transitioned from the export of unprocessed raw minerals to high-margin downstream processing. Within this framework, El Nasr Mining Co formed a strategic joint venture with India-based Wilson International and Egypt-based Al Safi Group, holding a 24% equity interest to establish and operate a dedicated industrial facility for phosphate ore beneficiation and concentration. Additionally, the company has expanded its manufacturing capabilities through the development of specialized talc grinding and processing plants, upgraded its extraction fleet, and modernized its Red Sea shipping terminals to support annual mining and beneficiation capacities exceeding 4.5 million metric tons.