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.
Vale added that it could also export the mine's product to North America and Asia.
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