Brazil's Vale sells its fertilizer business to cut debt

Tuesday, December 20th 2016 - 08:57 UTC

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Brazil's Vale, the world’s largest iron ore and nickel miner said on Monday it will sell most of its fertilizer business to US-based Mosaic Co., the No.1 producer of phosphate fertilizer, in a deal worth about US$2.5 billion. Read full article

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:o))
Will it sell most of its fertilizer business?
Sell it to US-BASED Mosaic Co.?
Isn't there any local technology already existing or can't it be developed to produce sufficient NATURAL fertilizers in Brazil?
Dec 25th, 2016 - 11:52 am - Link - Report abuse 0
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