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Vale Under pressure to Sell Potash Assets
Jun. 03, 2015 08:45AM PST
Potash InvestingThe Globe and Mail reported that Brazil’s Vale (NYSE:VALE) is planning to sell its potash business as it is under pressure to sell assets due to a nearly $20-billion (U.S.) expansion of its iron ore complex in Brazil.
The Globe and Mail reported that Brazil’s Vale (NYSE:VALE) is planning to sell its potash business as it is under pressure to sell assets due to a nearly $20-billion (U.S.) expansion of its iron ore complex in Brazil.
As quoted in the market news,
In addition to potash mines in South America, the Brazilian mining company owns a big potash development project and slew of fertilizer concessions in Saskatchewan, the world’s biggest producer of potash – a crop nutrient.