Jordan Phosphate Mines Co. (JPMC) and Germany’s LUMA-International Co. GmbH on March 28 signed an agreement for JPMC to supply the German company with 850,000 mt/y of phosphate rock under a 20-year deal, the Jordan news agency Petra reported, citing a JPMC statement.
The phosphate rock will be supplied at world market rates, according to the statement.
JPMC and LUMA on March 30 also inked a Memorandum of Understanding (MOU) to establish and operate a phosphoric acid facility in southern Jordan, either at the Red Sea port of Aqaba or at Eshidiya near JPMC’s mining operations, according to a company filing to the Amman Stock Exchange and a Petra report. Such a move is understood to have been under discussion between the two parties for some time.
Under the agreement, JPMC would provide the proposed plant with all its phosphate rock requirements, while LUMA would commit to buying the entire phosphoric acid output. No further details about capacity or project timescale were provided.
JPMC Board Chairman Muhammad Al-Thneibat said he hopes the deal will open the door to broader cooperation between JPMC and German companies in the field of phosphate-based fertilizers.
From the German side, LUMA Managing Director Ralf Keller said his company is looking forward to more cooperation with JPMC and German companies in the field of phosphate-based fertilizers.
Herten-based LUMA-International is involved in project management in a variety of industrial segments.