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Vale Fertilizer Unit to Invest $15 Bln by 2020
Sep. 28, 2011 05:59PM PST
Potash InvestingMineweb reported that Vale’s fertilizer unit is planning to invest $15 million to develop potash projects in Brazil.
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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