JPMC, German firm sign deal for phosphate procurement

Jordan Phosphate Mines Company  JPMC
(Photo: Jordan Phosphate Mines Company)
AMMAN — The Jordan Phosphate Mines Company (JPMC) and Germany’s LUMA-International Company GmbH on Monday signed an agreement under which the JPMC will supply the German company with its needs of medium-quality raw phosphate.اضافة اعلان

Under the 20-year deal, the JPMC will sell 850,000 tonnes per year to the German company at world market rates, according to a JPMC statement carried by the Jordan News Agency, Petra. The agreement was signed by JPMC CEO Abdul-Wahab Al-Rawad, and LUMA Managing Director Ralf Keller. JPMC Board Chairman Muhammad Al-Thneibat attended the signing ceremony.

Thneibat said he hoped the deal will open the door to broader cooperation between the JPMC and German companies in the field of phosphate-based fertilizers.

Earlier, the two sides discussed the prospects of establishing a phosphoric acid plant in Aqaba or Al-Shidiyah (south), and agreed to continue discussions to sign a memorandum of understanding to this end.

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