Summary
Projects to produce minerals needed to manufacture fertiliser are gradually moving forward in Brazil as part of efforts by the government to reduce the country’s heavy dependence on imports, given the shortages caused by the war in Ukraine.
Of the total US$40.4bn expected to be invested by mining companies in Brazil in the 2022-26 period, some US$5.75bn is earmarked for projects linked to fertiliser chemicals, according to mining association Ibram.
One of the projects that looks to advance is the Três Estradas phosphate fertiliser development carried out by Australian junior Aguia Resources.
Fernando Tallarico, managing director of Aguia Resources (ASX:AGR) and formerly a geologist who worked for years at mining giant Vale, talks more about the project and the general efforts to reduce fertiliser imports.
Read the story: https://www.bnamericas.com/en/interviews/theres-great-potential-for-brazil-to-achieve-phosphate-and-potassium-self-sufficiency