Brazil’s CVRD to Explore Argentina’s Potash

Brazil’s Companhia Vale do Rio Doce (CVRD) is the winner of an international competition for the research, evaluation and exploration of a potash deposit in the Neuquen Province, on the Colorado River banks, Argentina.

The area to be explored is located in one of the last unexplored potash basins in the world and has potential world-class deposits. 


CVRD will develop studies during the next two years to identify and evaluate such deposits.


If the feasibility of the project is proved, its production will be directed to the Brazilian and Argentine markets.


CVRD has been a player in the fertilizer market since 1992 through the production and marketing of potash from the Taquari-Vassouras Mine, located in Sergipe state, Brazil. 


It has a nominal production capacity of 600,000 tons of potash per year, which is being expanded to 850,000 tons by the second half of 2005. 


All the potash produced in Taquari-Vassouras, the only potash mine under operation in Brazil, is sold in the Brazilian market, which consumes around 6.3 million tons of potash per year.


The Neuquem project enables CVRD to remain in the potash business, and, at the same time, to increase its international operations.  CVRD´s entrance in mining in Argentina should be beneficial to both countries, consolidating its commercial relationship.


Companhia Vale do Rio Doce
www.cvrd.com.br


PRNewswire

Tags:

You May Also Like

Brazil Gets Tough in Haiti, Freeing Kidnapped People and Seizing Drugs

The United Nations peacekeepers in Haiti, headed by Brazil, have been taking action to ...

Once Again Brazilian Justice Orders Halt to Amazon’s Belo Monte Dam

A Brazilian judge has ordered a halt to construction of a multi-billion-dollar dam project ...

All Ready for Pan American Games. Now Brazil Wants to Host the Olympics

The Americas will be focused in Brazil starting this coming Friday, July 13, when ...

Brazilian Congress Inquiry on Bribery to Summon 40 People

The Commission of Inquiry of the Comptroller-General’s office of Brazilian Chamber of Deputies approved ...

Brazil Opens First Maximum Security Prison at Cost of US$ 10 Million

Brazil’s Minister of Justice, Márcio Thomaz Bastos, and the director of the Department of ...

Under the Left, Brazil and LatAm Have Become an Investors’ Paradise

This was supposed to be a difficult year for investors in Latin America, as ...

Brazil Might Lose Its Savannah in 20 Years

Brazil will be celebrating this Saturday National Savannah Day. The date coincides with the final ...

Africa Wants to Share Money Brazil Will Get from US for Subsidizing Cotton

A ruling by the World Trade Organization (WTO) dispute panel allowing Brazil to retaliate ...

From the cover of After Life

Bruna, a Story of Rape, Drugs and Prostitution in the Streets of Brazil

The origins of After Life date back to an afternoon in 1992 when I ...

650 Brazilian College Students Just Arrived in the US for Brazil-US Exchange Program

Hundreds of Brazilian students have arrived in the United States this past week starting ...