Source:
Brazil’s Vale, the world’s largest iron ore and nickel miner, has officially closed the sale of its fertilizer business to US-based Mosaic Co., the No.1 producer of phosphate fertilizer, in a deal worth about $1.4 billion, considerably less than the $2.5bn originally estimated.
Summary:
After extraction, the phosphate rock goes through a beneficiation process which includes filtering, drying, acidifying and granulation, whose final products are subsequently sold to other units or for mixing companies that produce fertilizers.
Production:
| Commodity | Units | 2016 | 2015 | 2014 | 2013 |
|
Phosphate rock
|
kt
| ......  | 1,000 | 1,055 | 1,057 |
All production numbers are expressed as ore.
Reserves at December 31, 2016:
| Category | Tonnage | Commodity | Grade |
|
Proven
|
56.3 M dmt
|
P2O5
|
10.52 %
|
|
Probable
|
29.1 M dmt
|
P2O5
|
10.62 %
|
|
Proven & Probable
|
85.5 M dmt
|
P2O5
|
10.55 %
|
Mine Management:
| Job Title | Name | Profile | Ref. Date |
.......................
|
.......................
|
|
Oct 3, 2018
|
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