The largest shareholder of Jordan Phosphate Mines , Brunei , is selling its 37 % stake in the company to Indian companies Kisan Global Trading and Indian Potash for approximately $ 130 m . The company has in the last two decades expanded joint ventures with Indian and Japanese firms seeking investment opportunities overseas to secure requirements to meet fast growing fertiliser demand. Kamil Holdings , part of the Brunei Investment Agency , bought the company in 2006 , but has been trying to offload it after the former CEO was given a 22-year jail sentence in 2007 for embezzlement . JPMC produces up to seven million tonnes of phosphate ##s for fertilisers annually and has mining rights for one billion tonnes of Jordan ’s 1.5 billion - tonne phosphate reserves .
The largest shareholder of Jordan Phosphate Mines , Brunei , is selling its 37 % stake in the company to Indian companies Kisan Global Trading and Indian Potash for approximately $ 130 m . Kamil Holdings , part of the Brunei Investment Agency , bought the company in 2006 , but has been trying to offload it after the former CEO was given a 22-year jail sentence in 2007 for embezzlement . JPMC produces up to seven million tonnes of phosphate ##s for fertilisers annually and has mining rights for one billion tonnes of Jordan ’s 1.5 billion - tonne phosphate reserves .