SSIF, JPMC explore potential investment opportunities in mining sector

AMMAN — Social Security Investment Fund (SSIF) CEO Ezzeddin Kanakrieh met with Chairman of Jordan Phosphate Mines Company’s Board (JPMC) Mohammad Thneibat to discuss the company’s plans to promote the competitiveness of its products and establish new projects in the mining sector.  During the meeting, which was attended by a number SSIF and JPMC officials, Kanakrieh was briefed on the JPMC’s plans to expand the mining and fertiliser manufacturing industries by transforming raw phosphate material into other products, according to a SSIF statement. The meeting is part of the SSIF's plan to promote strategic partnerships with the private sector and help companies improve their financial positions. The SSIF is a strategic investor in a number of mining companies, and owns a 16.5 per cent stake in the JPMC, which is the world’s second-largest exporter and the sixth-largest producer of phosphate, with a production capacity of over seven million tonnes of phosphate annually.