Brazil Vale to raise Peru phosphate output to 5.9m tonnes/year
05 August 2010 22:55 [Source: ICIS news]
SAO PAULO (ICIS)--Brazil’s fertilizer producer Vale plans to raise its phosphate production at the Bayovar mine in Peru to 5.9m tonnes/year from the initially planned 3.9m tonnes/year, the company said on Thursday.
Vale did not elaborate on when the mine's capacity would reach 5.9m tonnes/year.
Initially, the company expected the mine's capacity to reach 3.9m tonnes/year by 2012. Production would reach roughly 1m tonnes by this year and 2.8m tonnes/year by 2011.
Bayovar's output will be shipped to Brazil to meet rising demand.
According to Vale, Brazil imports around 90% of the potash and 53% of the phosphate used to make fertilizers in the country.
Vale added that it could also export the mine's product to North America and Asia.
Vale owns stakes in the mine with Mitsui & Co and Mosaic.
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By: Hellen Berger
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