Brazil Potash starts construction of the Autazes project

15.05.24 18:23 Uhr

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Brazil Potash began construction this week on the Silvinita mine in Autazes after it received six more licenses from the Amazonas Environmental Protection Institute (IPAAM), the agency responsible for Environmental Licensing in the State of Amazonas.Last month, IPAAM had already issued a license to Brazil Potash to build the Autazes project, pegged to be the largest fertilizer mine in Latin America within the Amazon rainforest.The six new installation licenses cover a variety of activities, such as vegetation suppression, forest replacement, capture, collection, and transportation of wildlife, and earthworks for the ore terminal and the port.The company intends to invest 13 billion reais ($2.6 billion) to establish the mine, located 120 km southeast of the state capital, Manaus.Production is expected to start in 2026 with an initial output sufficient to cover about 20% of Brazil’s potash needs. The project capacity is pegged at 2.2 million tonnes of potassium chloride per year, the company estimates.“Autazes is progressing positively and meeting the legal requirements consistent with the magnitude of this project. At this moment, the project is already generating benefits for the community, with the direct and indirect hiring of people through a network of service providers and suppliers,” said Brazil Potash President Adriano Espeschit.The project, which could reduce Brazilian agriculture’s 90% dependence on imported potash, has been held up for years due to opposition from Indigenous Mura people, who say they have not been consulted about the use of their ancestral lands.This Tuesday, federal prosecutors again requested the immediate suspension of the license granted by IPAAM for the project.Questioned about the Public Prosecutor’s request, Brazil Potash told MINING.COM that it will respond in court.Weiter zum vollständigen Artikel bei Mining.com

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DatumRatingAnalyst
13.06.2024Nutrien (Ex Potash Agrium) BuyGoldman Sachs Group Inc.
13.06.2024Nutrien (Ex Potash Agrium) BuyUBS AG
11.06.2024Nutrien (Ex Potash Agrium) BuyJefferies & Company Inc.
15.04.2024Nutrien (Ex Potash Agrium) OutperformRBC Capital Markets
23.02.2024Nutrien (Ex Potash Agrium) UnderweightJP Morgan Chase & Co.
DatumRatingAnalyst
13.06.2024Nutrien (Ex Potash Agrium) BuyGoldman Sachs Group Inc.
13.06.2024Nutrien (Ex Potash Agrium) BuyUBS AG
11.06.2024Nutrien (Ex Potash Agrium) BuyJefferies & Company Inc.
15.04.2024Nutrien (Ex Potash Agrium) OutperformRBC Capital Markets
22.02.2024Nutrien (Ex Potash Agrium) BuyUBS AG
DatumRatingAnalyst
08.02.2024Nutrien (Ex Potash Agrium) HoldJoh. Berenberg, Gossler & Co. KG (Berenberg Bank)
24.01.2024Nutrien (Ex Potash Agrium) HoldJoh. Berenberg, Gossler & Co. KG (Berenberg Bank)
06.11.2023Nutrien (Ex Potash Agrium) NeutralJP Morgan Chase & Co.
07.09.2023Nutrien (Ex Potash Agrium) HoldJoh. Berenberg, Gossler & Co. KG (Berenberg Bank)
17.05.2023Nutrien (Ex Potash Agrium) HoldJoh. Berenberg, Gossler & Co. KG (Berenberg Bank)
DatumRatingAnalyst
23.02.2024Nutrien (Ex Potash Agrium) UnderweightJP Morgan Chase & Co.
07.07.2023Nutrien (Ex Potash Agrium) UnderperformCredit Suisse Group
16.02.2023Nutrien (Ex Potash Agrium) UnderperformCredit Suisse Group
09.01.2023Nutrien (Ex Potash Agrium) UnderperformCredit Suisse Group
14.07.2022Nutrien (Ex Potash Agrium) UnderperformCredit Suisse Group

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