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Latest Market News

Jordan's JPMC shareholders approve Nippon sale

  • Spanish Market: Fertilizers
  • 28/04/21

The shareholders of Jordanian fertilizer producer and mining firm Jordan Phosphates Mines (JPMC) today approved the sale of its holdings in its Nippon Jordan Fertilizer joint venture.

Shareholders approved the full disposal of its holdings by more than 90pc, according to a source. The vote took place today at 11:30am local time. There was no comment from either JPMC or Nippon.

Nippon is a joint venture between JPMC (70pc), Arab Potash (20pc) and Japan's Mitsubishi (10pc).

The Nippon facility has an annual capacity of 300,000 t/yr of DAP, MAP, NPKs and NPS. The facility produced 225,000t of DAP/NPKs in 2020, up from 197,000t in 2019. Fertilizer sales were 208,000t last year.


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