Petrobras begins process of divesting Brazil potassium mining rights

HOUSTON (ICIS)–Petrobras announced it has begun the opportunity disclosure stage for the sale of its mining rights for research and mining of potassium salts in Brazil.

The mining asset is composed of 34 mining titles of potassium salts located in the Amazon Basin and granted by the National Mining Agency (ANM).

Of these 34 titles, 8 are mining concessions, 4 are mining requirements and 22 are in the process of obtaining a research authorisation.

The company said the main information about the opportunity, as well as the eligibility criteria for the selection of potential participants, is available at Petrobras investor section on its website.

It further added that the subsequent stages of the sale process will be informed to the market in due course and that this effort is aligned with the company’s portfolio optimisation strategy and capital allocation improvement which is aimed at maximising value.