Brazil Potash Presents the Autazes Potash Project to the Canadian Government and Company Representatives

Source: Brazil Potash

On Monday September 12, 2022, Adriano Espeschit, president of Brazil Potash presented the Autazes Project to representatives of the Canadian government and Canadian companies at an event called “Breakfast Procurement Needs” held at Mercure Lourdes hotel in Belo Horizonte.

“The event was organized by the government of Canada, which brought Canadian companies interested in new projects here in Brazil. Then, several companies presented their projects. And Potássio do Brasil made a point of being present presenting the Potássio Autazes Project”, said the president of Brazil Potash.

At the event, there were representatives from the federal government of Canada, the Mining Suppliers and Trade Association, the Province of Québec, and the Chamber of Commerce Brazil/Canada. In addition, several Canadian companies sent representatives to participate.

The Autazes Project is a sustainability engineering investment for the production of Potassium Chloride – an important fertilizer for Brazilian agribusiness – in the municipality of Autazes. The distance from Manaus is 112 km.

The project will employ a process for extracting Silvinite, a rock made up of halite (salt) and Silvita (potassium chloride), which will not harm the earth’s surface soil or environment. The chambers and pillars technique will be utilized throughout the entire extraction operation.

In order to remove the ore, which is approximately 800 meters deep, the company will need to excavate two shafts. The Silvinite ore will be brought to the surface through these wells, and processed so that the Potassium Chloride (fertilizer) can be separated from the Sodium Chloride (kitchen salt).

After the separation of Potassium Chloride and Sodium Chloride, the fertilizer will be transported via barges from a private port that is to be built by the company on the bank of the Madeira River. The market they are aiming this product toward is Brazilian agribusiness consumers.

“The Sodium Chloride will be stored in an impermeable place to protect the soil and the water table, and then it will return to the subsoil, filling the open chambers, that is, there will be no residues on the surface at the end of the Project’s useful life”, explains the president of Brazil Potash.

The project, which is now in the environmental licensing stage, has a predicted useful life of more than 23 years and will put Amazonas state among Brazil’s top fertilizer producers. When it reaches the average annual production of 2.4 million tons of Potassium Chloride, this input will meet roughly 20% of Brazilian demand. Preliminary studies, on the other hand, indicate that production capacity may be expanded up to 45% of Brazilian demands. The project will be soon implemented, and in turn, guarantee tax revenues for the Municipality, State and Union.

As a result, Brazil Potash will aid in the reduction of dependency on imports from countries such as Canada, Russia, Belarus, Germany, and Israel. It’s worth noting that Brazil is at present the world’s second-largest consumer of potassium but only produces 5% of its consumption need.

Potássio do Brasil Ltda. (controlled by Brazil Potash) is a private Brazilian company that manufactures fertilizers. It has been present in the Amazon region since 2009 and has British, Australian, Canadian and Brazilian investors with more to come as the project expands. The potassium ore will be extracted and treated in Amazonas before being turned into fertilizer.

The Autazes Project is in the environmental licensing phase with the Institute for Environmental Protection of Amazonas (Ipaam) as the competent body to license projects in Amazonas state. The LP is available, and the Installation License is pending.

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

By Matthew Evanoff

I cover the mining industry and the best mining stocks around the world. I write about industry news, individual companies, projects, management, and profiles on industry leaders.

If you would like to receive our free newsletter via email, simply enter your email address below & click subscribe.

MOST ACTIVE MINING STOCKS

 Daily Gainers

 Australian Mines Ltd. AUZ.AX +900.00%
 Adex Mining Inc. ADE.V +50.00%
 Casa Minerals Inc. CASA.V +30.00%
 Rare Element Resources Ltd. REE +26.63%
 Astro Resources NL ARO.AX +25.00%
 Tearlach Resources Ltd. TEA.V +21.05%
 MacDonald Mines Exploration BMK.V +16.67%
 GME Resources Ltd. GME.AX +16.67%
 Standard Lithium SLL.V +16.42%
 Black Iron, Inc. BKI.TO +16.28%

Download the latest Solaris Resources (SLSSF) Investor Kit

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

MiningFeeds will use the information you provide on this form to be in touch with you and to provide updates and marketing.