Vale Fertilizer Unit to Invest $15 Bln by 2020

Mineweb reported that Vale’s fertilizer unit is planning to invest $15 million to develop potash projects in Brazil.

The market news is quoted as saying:

Vale operates Brazil’s biggest potash production facility in the region through a lease with Petrobras. But its Taquari-Vassouras mine is aging, and Vale would like to expand its reserves area to bring on new potash deposits.

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