Vale completes $52m sale of fertiliser asset to ICL

By Kasia Patel
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...

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