Jordan Phosphate Mines
From Wikipedia, the free encyclopedia
| Jordan Phospate Mines | |
|---|---|
 |
|
| Type | Public company |
| Founded | |
| Headquarters |  Amman |
| Industry | Mining, manufacturing |
| Products | Phosphates, fertilizer, chemicals |
| Revenue | 2005 gross profit = JD65 million |
| Website | http://www.jordanphosphate.com/ |
Jordan Phosphate Mines is a mining company based in Jordan. It was founded in 1949 and its main offices are located in Amman. The company operates 3 mining facilities in Jordan and a chemical manufacturing complex in Aqaba. The company's name is abbreviated to JPMC and its stock is listed on the Amman Stock Exchange's ASE Weighted Index.
Contents |
[edit] Operations
[edit] Mining
According to the company's website, more than 60% of the area of Jordan has phosphate deposits at minable depth, and JPMC is currently the only company mining phosphates in Jordan. JPMC's three mining facilities are located in:
- Al-Ruseifa, 15 kilometers north of Amman, commencing in 1935
- Al-Hassa and Al-Abiad, 135 kilometers south of Amman, commencing in 1962 and 1979
- Eshidiya, 125 kilometers northeast of Aqaba, commencing in 1989
[edit] 1986 acquisition
In 1986, Jordan Phosphate Mines bought out the Jordan Fertilizer Company, in which it had a 25% share of stock; the Jordanian government had owned 50% of the company. Jordan Fertilizer at the time was operating a chemical and fertilizer manufacturing complex in Aqaba, which was taken over by JPMC.
[edit] Manufacturing
JPMC's Aqaba complex produces fertilizer and chemicals, including:
- Phosphoric acid - used to make fertilizers, detergents, pharmaceuticals, steel and cola
- Diammonium phosphate - DAP fertilizer
- Sulphuric acid - many uses
- Aluminium flouride - used as a catalyst in the manufacture of aluminium and magnesium; used as a ceramic glaze
[edit] Affiliations and partnerships
JPMC's corporate partnerships include:
- A 2007 memorandum of understanding signed with IFFCO - Indian Farmers Fertiliser Cooperative, "the largest fertilizer manufacturer in India"
- Indo-Jordan Chemicals, held by JPMC, Southern Petrochemical Industries of India and The Arab Investment Company of Saudi Arabia
- Nippon Jordan Fertilizer Company - a joint venture held by JPMC, the Arab Potash Company, and a Japanese consortium, comprised of ZEN-NOH, Mitsubishi Corporation, Mitsubishi Chemical and Asahi Kasei.
