Editing by Jane Merriman) The largest shareholder of Jordan Phosphate Mines , Brunei , is selling its 37% stake in the company to Indian companies Kisan International Trading and Indian Potash for approximately $130m . Kamil Holdings , part of Jordan Phosphate Mines , bought the stake in 2006 , but has been trying to offload it after the former CEO was given a 22-year jail sentence in absentia for embezzlement. JPMC produces up to seven million tonnes of phosphate rock for fertilisers annually and has mining rights for up to seven million tonnes of Brunei ’s approximately $130m -tonne phosphate reserves.
The largest shareholder of Jordan Phosphate Mines , Brunei , is selling its 37% stake in the company to Indian companies Kisan International Trading and Indian Potash for approximately $130m . Kamil Holdings , part of Jordan Phosphate Mines , bought the stake in 2006 , but has been trying to offload it after the former CEO was given a 22-year jail sentence in absentia for embezzlement. JPMC produces up to seven million tonnes of phosphate rock for fertilisers annually and has mining rights for up to seven million tonnes of Brunei ’s approximately $130m -tonne phosphate reserves.