Brazil's Vale, Petrobras reach deal for 30-year potash lease

09 February 2012 23:05  [Source: ICIS news]

HOUSTON (ICIS)--Vale approved a 30-year potash lease with Petrobras, the Brazil-based miner said on Thursday.

The lease will allow operations to continue at Brazil's Taquari-Vassouras potash mine, Vale said. Taquari-Vassouras is the nation's sole potash operation and one of just two in South America.

In addition, the lease will allow the development to continue at the Carnalita potash project in the state of Sergipe, Vale said.

By: Al Greenwood
+1 713 525 2645

AddThis Social Bookmark Button

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.

Printer Friendly

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