 | |
| Company type | Public company |
|---|---|
| Industry | Mining, manufacturing |
| Founded | 1953 |
| Headquarters | Amman, Jordan |
Key people | Amin Kamel Kawar (founder) |
| Products | Phosphates, fertilizer, chemicals |
| JD29 million (2020) | |
| Website | http://www.jpmc.com.jo/ |
Jordan Phosphate Mines (JPMC) is a mining company based in Amman, Jordan. The company operates 3 mining facilities in Jordan and a chemical manufacturing complex in Aqaba. The company is listed on the Amman Stock Exchange's ASE Weighted Index as "JOPH".
Jordan Phosphate Mines was founded in 1949.
In 1986, JPMC bought the Jordan Fertilizer Company. JPMC already controlled 25% of the fertilizing company before its full acquisition. Jordan Fertilizer was operating a chemical and fertilizer manufacturing complex in Aqaba, which became the property of JPMC.
In 2007, JPMC signed a memorandum of understanding with the Indian Farmers Fertiliser Cooperative (IFFCO), India's largest fertilizer manufacturer. In 2013, the partnership was renewed for one year, committing JPMC to deliver 2 million tonnes of phosphate in a year.
In the first semester of 2014, JPMC recorded a net loss of $9.4 million, mainly due to lower commodity prices and higher fuel costs. [1]
In April 2016, JPMC raised JD82.5 million. [2] In February 2017, JPMC signed a memorandum of understanding with the government of Bangladesh to provide the country with 270,000 metric tonnes of phosphate and phosphoric acid within 3 years for $280 million. [3] In May 2018, IFFCO and Indian Potash Limited (IPL) bought a 37% share in JPMC from the Brunei Investment Agency for $130 million. [4] 60% of JPMC's production was already exported to india by the time of this purchase. [5]
According to the company's website, more than 60% of the area of Jordan has phosphate deposits at minable depth. JPMC is the only phosphate-mining company in Jordan. JPMC's three mining facilities are located in:
JPMC's al-Aqaba complex produces fertilizer and chemicals, including:
JPMC runs the Indo-Jordan Chemicals, co-owned with Southern Petrochemical Industries of India and The Arab Investment Company of Saudi Arabia.
JPMC runs the Nippon Jordan Fertilizer Company, a joint venture with the Arab Potash Company and a consortium of Japanese companies (ZEN-NOH, Mitsubishi Corporation, Mitsubishi Chemical, Asahi Kasei).
JPMC runs the PT Petro Jordan Abadi, a joint venture with the Indonesian company Petrokimia Gresik. [7]
In June 2013, the uncle of the King of Jordan, Walid Kurdi, was found guilty of illegally profiting by using his position of CEO of JPMC. The justice fined him JD284 million. [8] In August 2017, JPMC filed for an arrest warrant with Interpol to extradite Walid Kurdi who fled the country and was living as a fugitive. [9]
In chemistry, a phosphate is an anion, salt, functional group or ester derived from a phosphoric acid. It most commonly means orthophosphate, a derivative of orthophosphoric acid, a.k.a. phosphoric acid H3PO4.
Potash includes various mined and manufactured salts that contain potassium in water-soluble form. The name derives from pot ash, plant ashes or wood ash soaked in water in a pot, the primary means of manufacturing potash before the Industrial Era. The word potassium is derived from potash.
Phosphoric acid is a colorless, odorless phosphorus-containing solid, and inorganic compound with the chemical formula H3PO4. It is commonly encountered as an 85% aqueous solution, which is a colourless, odourless, and non-volatile syrupy liquid. It is a major industrial chemical, being a component of many fertilizers.
Phosphorite, phosphate rock or rock phosphate is a non-detrital sedimentary rock that contains high amounts of phosphate minerals. The phosphate content of phosphorite (or grade of phosphate rock) varies greatly, from 4% to 20% phosphorus pentoxide (P2O5). Marketed phosphate rock is enriched ("beneficiated") to at least 28%, often more than 30% P2O5. This occurs through washing, screening, de-liming, magnetic separation or flotation. By comparison, the average phosphorus content of sedimentary rocks is less than 0.2%.
ICL Group Ltd. is a multi-national manufacturing concern that develops, produces and markets fertilizers, metals and other special-purpose chemical products. ICL serves primarily three markets: agriculture, food and engineered materials. ICL produces approximately a third of the world's bromine, and is the world's sixth-largest potash producer. It is a manufacturer of specialty fertilizers and specialty phosphates, flame retardants and water treatment solutions.
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Indian Farmers Fertiliser Cooperative Limited, also known as IFFCO, is a multi-state cooperative society engaged in the manufacture and marketing of fertilizers. IFFCO is headquartered in New Delhi, India. Started in 1967 with 57 member cooperatives, it is today the biggest co-operative in the world by turnover on GDP per capita, with around 35,000 member cooperatives reaching over 50 million Indian farmers.
The Arab Potash Company (APC) is a company that is primarily involved in harvesting minerals from the Dead Sea. It is the eighth largest potash producer worldwide by volume of production and the sole Arab producer of potash. The company was formed in 1956 in the Hashemite Kingdom of Jordan as a pan-Arab business venture and it has a 100-year concession (1958-2058) from the government of Jordan that grants it exclusive rights to extract, manufacture and market minerals from the Dead Sea. It is headquartered in Amman and has its main plants at Ghor Al Safi. The company's stock is listed on the Amman Stock Exchange's ASE Weighted Index.
Mangalore Chemicals & Fertilizers Limited is the largest manufacturer of chemical fertilizers in the state of Karnataka, India. The company is part of the Adventz Group. The company's corporate and registered office is at UB City, Bangalore and its factory unit is in Panambur, north of Mangalore.
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Petrokimia Gresik is a fertilizer company located in Gresik, East Java, Indonesia, which was initially established under the name 'Project of Petrokimia Surabaya'.
EuroChem Group AG is a Swiss fertilizer producer. It is a fertilizer manufacturer with its own capacity in all three primary nutrients – nitrogen, phosphates and potash. It is headquartered in Zug, Switzerland.
IMC Global was a mining and production company, formerly listed on the S&P MidCap 400. It was founded in 1909 as International Agricultural Corporation. In 2004, IMC Global merged with Cargill, Inc.'s crop nutrition division to form The Mosaic Company, a crop nutrition company.
PT Petro Jordan Abadi is an Indonesian company that is a joint venture between Jordan Phosphate Mine Co. Plc. with Indonesian company, Petrokimia Gresik. The company plans to be the biggest phosphate manufacturer in Indonesia.
The Republic of India and the Hashemite Kingdom of Jordan signed their first bilateral agreement for cooperation and friendly relations in 1947. The agreement was formalized in 1950, when India became a republic, and full diplomatic relations were established between the two countries.
The Compagnie des phosphates de Gafsa or CPG is a Tunisian phosphate mining company based in Gafsa, formed in the late 19th century during the French colonial era, and once the largest employer in the country. It was merged in 1994 with the Groupe chimique tunisien (CGT) to form the CPG-CGT group. Before the revolution of 2011 the company was the fifth largest phosphate producer in the world, but since then strikes and social unrest have caused production to drop by half.
Indian Potash Limited, also known as IPL, is a fertiliser company based in India. It was incorporated under Indian Companies Act with the objective of import-handling, promotion and marketing of Potash in India. It imports, handles, promotes, and markets potash fertilisers in India. It sells fertilisers such as Muriate of Potash, Triple Super Phosphate, Monoammonium Phosphate, and Sulfate of Potash. Dr. PS Gahlaut serves as both the Managing Director and Director of Indian Potash Limited, a prominent fertilizer company in India. The company was formerly known as Indian Potash Supply Agency and changed its name to Indian Potash Limited in 1970. The company was founded in 1955 and is headquartered in Chennai, India. It is India's largest potash firm.
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