Jordan Phosphate signs JV deals with Asian firms

10 October 2010

Walid Kurdi, chairman and CEO of Jordan Phosphate Mines, has said the company has signed joint venture deals with major Asian fertiliser consumers intent on securing long-term supplies, Reuters has reported. The two major downstream deals to produce 700,000 tonnes of phosphoric acid by 2015 will raise production of rock phosphate to nine million tonnes annually from a current output of six million tonnes, Kurdi said. The deals with Indian Farmers Fertilisers Co-operative Ltd, (IFFCO) and Indonesian fertiliser firms also would secure JPMC's markets and will allow it to process more of its large phosphate rock reserves, he said.

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