Mitsubishi in $ 300 mln Jordan fertilizer venture

AMMAN, Oct 17 (Reuters) Jordan Phosphate Mines Company and Japan's Mitsubishi Corporation signed a deal to build a 0 million fertiliser complex to bolster the firm's downstream push, industry executives said on Wednesday.

They told Reuters a memorandum of understanding was signed in Tokyo this week to proceed with constructing the complex near the main Shidiya phosphate mine, in the south of the kingdom.

The complex will have capacity to produce 10,000 tonnes daily of phosphoric acid and 3,000 tonnes of sulphuric acid from the Shidiya mine that has an estimated 1.3 billion tonnes in deposits of phosphate rock, with at least 810 million proven.

REUTERS SI RAI1951