Vale Could Build $4 Billion Potash Mine in Brazil

Mining Weekly reported that Brazilian mining giant, Vale, is seriously considering starting output from a $4-billion potash project in Brazil’s north-eastern Sergipe state by 2017. The project will help make up for the cancellation of an Argentine mine project and for a nearly depleted Brazilian deposit.

According to the publication:

Brazil’s mining minister Edison Lobão will visit Sergipe October 23 to express his support for the mine and related processing facilities known as the Carnalita project, José de Oliveira Junior, a senior official with Sergipe’s development secretariat said.

Carnalita is one of several potash projects Brazil wants built quickly to ease its dependence on fertiliser imports and the end of Vale’s Argentine potash plans.

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