Jordan Bromine Company (JBC) Bromine Operation Feasibility Study: $0M Capex Over a 33-Year Mine Life
Albemarle Corporation's Jordan Bromine Company (JBC) Bromine Operation in Safi, Karak Governorate, Jordan (southeastern edge of the Dead Sea) has a Feasibility Study outlining initial capital of $0M. The mine plan runs 33 years at about 125000 t bromine per year.
Albemarle Corporation's Jordan Bromine Company (JBC) Bromine Operation has reported Feasibility Study results for the bromine project in Safi, Karak Governorate, Jordan (southeastern edge of the Dead Sea). It reflects Albemarle Corporation's (ALB) latest disclosed economics for the asset.
Economics. Initial capital expenditure is estimated at $0M, with life-of-mine sustaining capital of $14M. Economics are based on Bromine sales price range of $2,690 to $4,890 per tonne (spot price as of December 31, 2025, and spot price less 15%, 30%, and 45%).
Production and mine plan. The project envisions a brine extraction (solution/solar evaporation ponds) operation. Life of mine is 33 years. Average annual production is approximately 125000 t bromine. Average head grade is ~152,000 tonnes of bromide ion per year in ~17.4 MMt of feedbrine. Metallurgical recovery averages 82%.
Resources and ownership. The company holds a 50% interest in the project.
These figures are extracted from Albemarle Corporation's technical disclosures and reflect the most recent Feasibility Study on file. Compare this project against other developers and producers in our project economics database, and always verify the numbers against the original technical report before making any investment decision.
Reserves & Resources
| Category | Tonnage | Grade | Contained |
|---|---|---|---|
| Proven | 4.1 MMt | — | 4.1 MMt elemental bromine |
| Proven & Probable | 4.1 MMt | — | 4.1 MMt elemental bromine |
| Category | Tonnage | Grade | Contained |
|---|---|---|---|
| Measured | 164.49 MMt | — | 164.49 MMt bromide ion (attributable to Albemarle's 50% interest; inclusive of Reserve) |
| Measured | 162.43 MMt | — | 162.43 MMt bromide ion (attributable to Albemarle's 50% interest; exclusive of reserves) |
Our Analysis
- Initial capex
- $0M
costlier than 0% of 506 projects we track
- Mine life
- 33yrs
- Study price assumption
- Bromine sales price range of $2,690 to $4,890 per tonne (spot price as of December 31, 2025, and spot price less 15%, 30%, and 45%)
Among the 506 projects we track, this one sits in the least demanding position on capital: initial capex of $0M ranks below every one of them. For a US$12.13B large-cap with 41 projects in the portfolio, a build cost this small relative to market cap means funding risk barely registers. That is the sharpest signal in the file, and it is the reason the other numbers can be read at face value rather than discounted for execution risk.
The asset is a bromine operation at Safi, in Karak Governorate on the southeastern edge of the Dead Sea, and it is already in production. The study is a feasibility-level estimate, the build-ready version with a typical plus or minus 15% band, so its figures carry more weight than a scoping exercise would. Mine life is 33 years, down 6% from the 2024 feasibility study, a modest trim rather than a structural change to the plan.
The pricing assumption is where the caution belongs. The study models a bromine sales price range of $2,690 to $4,890 per tonne, framed as a base price and that price less 15%, 30% and 45%. That is a wide band, and the returns depend heavily on where in it the operation actually clears. No live price is available for this commodity, so there is no external check on which end is realistic. The question that decides this project: does the realised bromine price hold near the upper half of that range, or does the operation earn its living at the bottom?
Our take, benchmarked against the project economics in the Mining Stocks database. Figures are estimates drawn from company technical reports — not investment advice; always verify against the source filing.
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