Vale completes $52m sale of fertiliser asset to ICL
Published: Tuesday, 30 December 2014
The sale of Fosbrasil to Israeli fertiliser producer ICL is in keeping with Vale's strategy of divesting non-core assets as the company looks to focus on the development of its Sergipe potash project to make up for the cancellation of Rio Colorado and a nearly depleted Brazilian deposit.
Mining giant Vale has completed the $52m sale of its 44.25%
stake in Fosbrasil to Israeli fertiliser producer Israel
Chemicals Ltd (ICL).
Fosbrasil is a joint venture (JV) company based in Brazil,
producing purified phosphoric acid and other products in
Cajati, Sao Paulo, for...