07 July 2010 22:54 [Source: ICIS news]
The joint venture includes subsidiaries of Vale and Mitsui & Co.
Mosaic paid Vale $385m (€304m) for the stake, the company said. Under the deal, Mosaic would have the right to purchase 5% of the phosphate rock produced from the mine.
The phosphate rock mine is in the Bayovar region in Peru.
($1 = €0.79)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections