Jordan India Fertilizer Company

completed

Indian Farmers Fertilizer Cooperative Limited (“IFFCO”) and Jordan Phosphate Mines Company (“JPMC”) have formed a joint venture, Jordan India Fertilizer Company (“JIFCO”) for the construction and operation of a 0.9 million tons per annum (“tpa”) merchant grade phosphoric acid plant in Eshidya, Jordan (the “Project”). The bulk of the phosphoric acid will be exported to India to be used as feedstock for IFFCO’s fertilizer plants. The Project will include a greenfield phosphoric acid manufacturing complex in Eshidiya and a phosphoric acid storage facility in Aqaba. Rock phosphate from JPMC’s Eshidiya mines will be used by the Project for the production of phosphoric acid. JPMC has sufficient supply and, hence, there is no need for JPMC to increase its production for this Project. The chemical complex and associated infrastructure and utilities will be located adjacent to the existing JPMC mining facility in Eshidiya, approximately 300 km south of Amman, and 200 km north east of Aqaba Port, from which phosphoric acid will be exported. Aqaba is connected to the Project site by road, as well as by railway which lies 30 km from the site.