Bloomberg News

Jordan Finds Phosphate Reserves Worth $30 Billion, Petra Says

December 29, 2011

Dec. 29 (Bloomberg) -- Jordan found about 200 million metric tons of phosphate reserves of in the northeastern part of the country, the state-run Petra news agency said.

The reserves have a market value of $30 billion, the news service reported, citing Bahjat Odwan, president of the Jordanian Geologists Association. The resource is close to the surface, making it less expensive to extract, he said.

--With assistance from Nayla Razzouk in Dubai. Editors: Rachel Graham, Rob Verdonck

To contact the reporter on this story: Mohammad Tayseer through the Dubai newsroom at mtayseer@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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