Vale renews lease contract with Petrobras for Sergipe potash

By Alex Feytis
Published: Friday, 10 February 2012

Vale approves 30-year deal for potash assets & mining rights in Brazil

Brazilian mining giant Vale SA has approved the signature of a new 30-year leasing contract with state-owned oil company Petroleo Brasileiro SA (Petrobras) over the Taquari-Vassouras mine and the Carnalita project in northeast Brazil, the company announced.

Vale, which has been exploiting the Taquari-Vassouras deposit since 1992 in Sergipe state,...

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