Jordan Phosphate Mines

Jordan Phosphate Mines

Infobox_Company
company_name = Jordan Phospate Mines
company_
company_type = Public company
company_slogan =
foundation =
location = flagicon|Jordan Amman
key_people =
num_employees =
Net Earning = "JD46 million"
(2007) Industry = Mining, manufacturing
products = Phosphates, fertilizer, chemicals
homepage = 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 JOPH and its stock is listed on the Amman Stock Exchange's ASE Weighted Index.

Operations

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

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.

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 fluoride - used as a catalyst in the manufacture of aluminium and magnesium; used as a ceramic glaze

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."

External links

* [http://www.jordanphosphate.com/ en Jordan Phosphate Mines - official website]
* [http://www.jordanphosphate.com/financials.html Jordan Phosphate Mines - official website - Financials]
* [http://www.jordanphosphate.com/joint_ventures.html Jordan Phosphate Mines - official website - Joint ventures]


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