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
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