At that time Lula was Brazilian President.
They told Bradesco´s Agnelli, then Vale´s CEO, to buy fertilizers.
Vale bought Bunge Fertilizantes, Fosfértil and Ultrafertil and Mosaic Cubatão plus the stakes of both Yara and Mosaic in Fosfértil.
US$ 6 billion (3.7 in Bunge, the rest mostly to Fosfértil and afiliates).
With Vale´s peruvian and mozambican phosphates and potash in Brazil, Canada and Argentina (projects) it would be one of big five.
But there will be history.
Dilma is ousted and rumours say eventually Vale will change direction.
The fact is that the conglomerate have Uberaba´s impressive complex, plus Cajati and Cubatão´s phosphoric and phosphates plants. Plus Araxá and former Petrobrás and Ultrafértil nitrogenate plants in Cubatão.
And now all news agencies say they are on sale.
Mosaic is not the sole bidder.
The fact is that there will phosphate plants in Brazil.
Eventually plants will be done from scratch again.
Now is time to buy cheap old plants.
And put money and be profitable soon.
Ciclycal business in cyclical environment.
I hope I will be there for a while, speak about Bayóvar, Catalão and Morocan rocks.
Phosphate, in fact, is more in fault than water and energy.
It is the salt of the Earth.
They told Bradesco´s Agnelli, then Vale´s CEO, to buy fertilizers.
Vale bought Bunge Fertilizantes, Fosfértil and Ultrafertil and Mosaic Cubatão plus the stakes of both Yara and Mosaic in Fosfértil.
US$ 6 billion (3.7 in Bunge, the rest mostly to Fosfértil and afiliates).
With Vale´s peruvian and mozambican phosphates and potash in Brazil, Canada and Argentina (projects) it would be one of big five.
But there will be history.
Dilma is ousted and rumours say eventually Vale will change direction.
The fact is that the conglomerate have Uberaba´s impressive complex, plus Cajati and Cubatão´s phosphoric and phosphates plants. Plus Araxá and former Petrobrás and Ultrafértil nitrogenate plants in Cubatão.
And now all news agencies say they are on sale.
Mosaic is not the sole bidder.
The fact is that there will phosphate plants in Brazil.
Eventually plants will be done from scratch again.
Now is time to buy cheap old plants.
And put money and be profitable soon.
Ciclycal business in cyclical environment.
I hope I will be there for a while, speak about Bayóvar, Catalão and Morocan rocks.
Phosphate, in fact, is more in fault than water and energy.
It is the salt of the Earth.
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