Brazil’s Petrobras puts potash mining rights up for sale
Aug, 15, 2022 Posted by Gabriel MalheirosWeek 202233
Brazil’s Petrobras said on Thursday, August 11, that it has begun the process of looking for bidders for its potassium mining rights in the Amazon basin.
The asset is composed of eight mining concessions, four mining requests already granted and 22 requests for research which are still pending authorization.
Interest in potash mines in Brazil is growing as the mineral is a key fertilizer and the Ukraine war has highlighted the country’s dependence on imports of the product. Brazil’s farm sector relies on imports for 85% of its fertilizer use.
In March, Verde Agritech PLC said its board approved accelerated investment so it can boost output capacity and become Brazil’s largest potash producer.
Source: Reuters
To read the full original article, please go to: https://www.reuters.com/business/energy/brazils-petrobras-puts-potassium-mining-rights-up-sale-2022-08-11/
-
Meat
Jul, 05, 2019
0
Brazil’s beef exports grow 27% in the first semester
-
Other Logistics
Apr, 06, 2021
0
SP Govt. launches project to build new highway to Port of Santos
-
Other Cargo
Apr, 25, 2023
0
Domestic onion supply affects international purchases in Brazil
-
Ports and Terminals
Jul, 17, 2019
0
Pecém Port adds a new service for fruits