Title: Feasibility of pure calcium carbonate project at Zwizya, Central Jordan

Authors: Awwad Titi; Rami Al Rawashdeh

Addresses: Department of Mining Engineering, College of Engineering, Al-Hussein Bin Talal University, P.O. Box (20) Ma'an, Jordan ' Department of Mining Engineering, College of Engineering, Al-Hussein Bin Talal University, P.O. Box (20) Ma'an, Jordan

Abstract: Jordan has a substantial number of economically viable limestone deposits of 1.3 billion tonnes reserves which provide both comparative and competitive advantages on a worldwide scale. The goal of this paper is to determine whether or not the feasibility of the pure calcium carbonate project at Zwizya, Central Jordan has a chance of being successful if it is ever put into action. With an NPV of $US6.06 million, an Internal rate of return of roughly 52.19%, a discounted payback period of 2.35 years, and a capital efficiency index of 2.51, the project seemed to be feasible. According to the findings from the Monte Carlo simulation, it was determined that the Zwizya project has a 10.7% likelihood of encountering a negative net present value (NPV), while there is an 89.3% possibility of attaining a positive NPV. In turn, this will entice domestic and international financiers to engage in limestone-related endeavours.

Keywords: pure limestone; Zwizya; feasibility study; Jordan; ore reserve; net present value; NPV; internal rate of return; IRR; discounted payback period; DPP.

DOI: 10.1504/IJMME.2023.137379

International Journal of Mining and Mineral Engineering, 2023 Vol.14 No.4, pp.421 - 446

Received: 16 Apr 2023
Accepted: 16 Oct 2023
Published online: 14 Mar 2024 *

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