Yara buys Vale fertilizer complex in Brazil for $255 million

SAO PAULO (Reuters) - Norway’s Yara International ASA (YAR.OL), a global producer and distributor of fertilizers, has reached an agreement to buy Vale SA’s (VALE5.SA) fertilizer complex in Cubatão, Brazil, for $255 million in cash, the company said on Friday.

The deal, which Yara expects to be completed by the second half of next year, will give the Norwegian company the ability to produce in Brazil nitrogen-based fertilizers such as ammonium nitrate, largely used in sugar cane cultivation. Brazil is the world’s largest cane producer and processor.

Itafos bought Agrium - Conda Operations

Agrium Announces Sale of Conda Phosphate and North Bend Nitric Acid Operations

TUESDAY, NOVEMBER 07, 2017

CALGARY, AB--(Marketwired - November 07, 2017) - Agrium Inc. (TSX: AGU) (NYSE: AGU) announces that it has signed a definitive asset purchase agreement with Itafos, whereby Agrium will sell its Conda, Idaho, phosphate production facility and adjacent phosphate mineral rights for a sale price of approximately $100-million, including working capital. Agrium has also entered into a definitive asset purchase agreement with Trammo Nitrogen Products, Inc., a wholly-owned subsidiary of Trammo Inc., whereby Agrium will sell its North Bend, Ohio Nitric Acid facility.

The Conda facility and related assets include the entirety of Agrium's superphosphoric acid business ("SPA") in North America and the North Bend facility represents the entirety of Agrium's nitric acid business in the Midwest region. These divestitures are intended to address U.S. regulatory concerns raised with respect to Agrium's merger with PotashCorp and are subject to U.S. Federal Trade Commission's approval.

"The divestment of these assets will help pave the way for our merger with PotashCorp and the excellent line of sight to capture $500-million in annual synergies. With Itafos operating the SPA business and Trammo operating the nitric acid business, farmers and industrial customers will be served across the U.S. for many years to come," stated Agrium's President & CEO, Chuck Magro.

As part of the sale of the Conda business, Agrium and Itafos will enter into long-term strategic supply and off-take agreements as part of the transaction. Under the terms of the supply and off-take agreements, Agrium will supply 100% of the ammonia requirements of Conda Phosphate Operations and purchase 100% of MAP product produced, with pricing formulas for both tied to benchmark phosphate fertilizer prices.

Agrium is expected to record a non-cash impairment of $178-million, net of tax, (gross of tax $295-million) associated with the sale of Conda and will retain the historical environmental obligations.

About Agrium

Agrium Inc. is a major producer and distributor of agricultural products and services in North America, South America, Australia and Egypt through its agricultural retail-distribution and wholesale nutrient businesses. Agrium supplies growers with key products and services such as crop nutrients, crop protection, seed, and agronomic and application services, thereby helping to meet the ever growing global demand for food and fiber. Agrium produces nitrogen, potash and phosphate fertilizers, with a combined wholesale nutrient capacity of over nine million tonnes and with competitive advantages across all product lines. Agrium retail-distribution has an unmatched network of close to 1,500 facilities and over 3,000 crop consultants. We partner with over half a million grower customers globally to help them increase their yields and returns on more than 50 different crops. With a focus on sustainability, the company strives to improve the communities in which it operates through safety, education, environmental improvement and new technologies such as the development of precision agriculture and controlled release nutrient products. Agrium is focused on driving operational excellence across our businesses, pursuing value-enhancing growth opportunities and returning capital to shareholders.

About Itafos

Itafos is an integrated producer of phosphate based fertilizers and related products with near term production and an attractive portfolio of long-term strategic development and exploration projects. Itafos is managed by an experienced and diverse team with extensive commercial, financial, legal and technical expertise. Itafos owns the Itafos Arraias 500,000 ton per year Single Super Phosphate (SSP) Operations, which consists of an integrated fertilizer production facility comprised of a phosphate mine, a mill, a beneficiation plant, a sulphuric acid plant, an SSP plant and a granulation plant and related infrastructure located in central Brazil. Itafos' development and exploration portfolio includes a number of additional projects in Brazil, including the Santana Project, a high-grade phosphate deposit located in close proximity to the largest fertilizer market of Mato Grosso State and animal feed market of Pará State, and the Araxá Project, a high-grade rare earth elements, niobium and phosphate deposit located in close proximity to two operating mines, therefore, benefiting from existing local infrastructure. In addition, Itafos owns an approximate 31.3% interest in GB Minerals Ltd. which owns the Farim Project, a high-grade phosphate deposit located in Guinea Bissau and a 100% interest in Stonegate Agricom Ltd. which owns the Paris Hills Project, a high-grade phosphate deposit located in Idaho, United States and the Mantaro Project, a highgrade phosphate deposit located in Peru.

4 Bidders for UFN3 Três Lagoas Ammonia Urea Complex in Mato Grosso do Sul Brasil

EXCLUSIVE-Few foreign bids expected for Petrobras $1 bln natgas project -sources

Tatiana Bautzer and Alexandra Alper

Published 12:26 PM ET Fri, 18 Aug 2017Reuters

-sources@

SAO PAULO/RIO DE JANEIRO, Aug 18 (Reuters) - Taking aim at local corruption, Brazil is trying to get competition among global players to build a $1 billion natural gas plant, but the number of foreign bids will be smaller than anticipated due to more stringent requirements, sources said.

Brazil's state oil company Petroleo Brasileiro SA excluded large local engineering firms implicated in a devastating corruption scandal from bidding on the project meant to be a model of clean contracting.

However, of the 30 foreign firms that Petrobras invited to bid on the new processing plant, only around five will participate in consortia submitting bids by the Aug. 28 deadline, three sources with knowledge of the matter said.

According to the sources, units of Spanish companies Acciona SA and Sener Ingenieria y Sistemas SA, Italy's Maire Tecnimont SpA, Japan's Toyo Corp and China Aluminium International Engineering Corp, known as Chalieco, are readying bids.

Adolfo Giaretti, head at Tecnimont in Brazil, confirmed the company will bid. Other companies did not comment immediately.

Amid concerns they had little recourse if Petrobras cancels the contract, construction and engineering giants Bechtel Corp, Areva SA, Tecnicas Reunida SA, Larsen & Toubro Ltd, SNC-Lavalin Inc, Thyssenkrupp AG , Hatch Ltd and Chicago Bridge & Iron Co were among those that declined to bid, six sources with knowledge of the process said.

The companies did not immediately comment.

The effort to drum up foreign competition underscores the lengths to which Petrobras is going - and how much further it has to go - to move beyond a sweeping corruption probe that revealed billions of dollars in kickbacks and rigged contracts at the national oil giant whose massive deep water-oil discoveries once seemed to embody Brazil's future promise.

To sanitize the process, Petrobras is now videotaping all meetings with bidders and requiring at least four people in the room, according to people familiar with the talks.

Petrobras is also requiring detailed technical proposals to avoid the delays and cost overruns that haunted the site of the new gas plant - a petrochemical complex known as Comperj, which was one of the company's most corruption-plagued projects.

In response to questions about the bidding, Petrobras said construction of the gas unit should begin early next year and declined to comment further on the process.

The oil company needs to complete the plant by 2020 or it will be forced to reduce production at highly productive pre-salt oil fields. When the gas extracted with the oil is not processed, it is usually reinserted in the wells. But limits to the re-injecting the gas in the wells will be reached by 2020.

A clean and competitive international bidding process would be a victory for Chief Executive Pedro Parente, who has made tackling cost overruns on major investments a priority.

"The continued delivery of cost reduction is key in building confidence in the turnaround process at Petrobras," Itaú BBA analyst Diego Mendes wrote in a note to clients earlier this year.

Success at the Comperj site could also serve as a model for drawing foreign investors and contractors to infrastructure projects throughout Brazil - a cornerstone of President Michel Temer's economic agenda.

"There is a big opportunity for Brazil to innovate in projects to close the infrastructure gap," said Norman Anderson, CEO of consulting group CG/LA Infrastructure.

RED FLAGS

Still, the more stringent requirements for Petrobras contractors have come at a cost.

Contracting executives, who requested anonymity to protect professional relationships, say the bidders may spend up to $10 million in detailed engineering designs required by Petrobras for the gas unit and uncertainty in the contracts has kept many from committing to a bid.

One aspect of the contract to build the natural gas plant that raised red flags with potential bidders: a clause allowing Petrobras to terminate the contract at any time without cause and without paying penalties or agreeing to arbitration.

Suppliers seeking damages if the contract is broken would have to count on the notoriously slow Brazilian courts.

After protests, Petrobras included specific reasons that would allow it to terminate the contract unilaterally. Even so, most international bidders considered conditions too risky.

The handful that have gone ahead with bids have also formed consortia to dilute the risks, including Chalieco's partnership with mid-sized Brazilian group Método Potencial. Other foreigners are also choosing Brazilian partners which have not been implicated in previous scandals. In those cases the foreign firms invited by Petrobras remain the prime contractors.

Mauritanian Saudi JV for phosphate mining

Mauritania targets end 2013 to make its entry in the phosphate market, as it awarded a license to establish a phosphate mine to Bofal Indo Mining Co.

The mine, in the southwest Bofal-Loubeira area, will include a phosphoric-acid processing plant to be constructed within three years. Mauritania is endowed with large volume, good grade sedimentary phosphate rocks. Estimated reserves of the deposits of Bofal and Loubboira are 70 million tonnes at Bofal, and 24 million tonnes at Loubboira. The phosphate resources of the whole area estimated as exceeding 135 million tonnes. The trace element concentrations of uranium and cadmium are low (U = 80 ppm, Cd = 12 ppm). The effort will have to confront climatic constraints and the remote location of the resources.

Agricultural production of cereals, as well as livestock and fish, make up approximately one third of Mauritania’s GDP in one of the poorest and less developed countries in the world.

In 2007 Sudan’s Danfodio Holding and China’s Transtech Engineering have signed an agreement to build a 460 million euro ($634 million) railway linking Mauritania’s capital Nouakchott with southern phosphate deposits at Bofal.

Major Fertilizer Producer Mosaic Fertilizer, LLC to Ensure Proper Handling, Storage and Disposal of 60 Billion Pounds of Hazardous Waste

Department of Justice

Office of Public Affairs

---

FOR IMMEDIATE RELEASE

Thursday, October 1, 2015

Manufacturer Committing Close to $2 Billion in Funding to Address Environmental Impacts From Phosphoric Acid and Fertilizer Production

The Department of Justice and the Environmental Protection Agency (EPA) today announced a settlement with Mosaic Fertilizer LLC that will ensure the proper treatment, storage and disposal of an estimated 60 billion pounds of hazardous waste at six Mosaic facilities in Florida and two in Louisiana.  The settlement resolves a series of alleged violations by Mosaic, one of the world’s largest fertilizer manufacturers, of the federal Resource Conservation and Recovery Act (RCRA), which provides universal guidelines for how hazardous waste must be stored, handled and disposed.  The 60 billion pounds of hazardous waste addressed in this case is the largest amount ever covered by a federal or state RCRA settlement and will ensure that wastewater at Mosaic’s facilities is properly managed and does not pose a threat to groundwater resources.

At Mosaic’s eight facilities in Florida and Louisiana, hazardous waste from fertilizer production is stored in large piles, tanks, ditches and ponds; the piles can reach 500 feet high and cover more than 600 acres, making them some of the largest manmade waste piles in the United States.  The piles can also contain several billion gallons of highly acidic wastewater, which can threaten human health and cause severe environmental damage if it reaches groundwater or local waterways.

Under the settlement, Mosaic Fertilizer will establish a $630 million trust fund, which will be invested until it reaches full funding of $1.8 billion. These funds will cover the future closure of four Mosaic facilities—the Bartow, New Wales and Riverview plants in Florida and the Uncle Sam plant in Louisiana—and also be put toward the treatment of hazardous wastewater at and long-term care of those facilities and two additional  facilities which are already undergoing closure. The Mosaic Company, Mosaic Fertilizer’s parent company, will provide financial guarantees for this work, and the settlement also requires Mosaic Fertilizer to submit a $50 million letter of credit.

Mosaic will also spend $170 million on projects to reduce the environmental impact of manufacturing and waste management programs at its facilities and $2.2 million on two local environmental projects.  Mosaic will also pay a $5 million civil penalty to the United States and $1.55 million to the State of Louisiana and $1.45 million to the State of Florida, who joined the Department of Justice and EPA as plaintiffs in this case.

“This settlement represents our most significant enforcement action in the mining and mineral processing arena, and will have a significant impact on bringing all Mosaic facilities into compliance with the law,” said Assistant Attorney General John C. Cruden for the Justice Department’s Environment and Natural Resources Division.  “Moreover, through this settlement, we establish critical financial assurance to cover the enormous closure and care costs at all these facilities.  This sets the standard for our continuing enforcement of RCRA in the entire phosphoric acid industry. And, it reflects our emphasis on working jointly with impacted states.”

“This case is a major victory for clean water, public health and communities across Florida and Louisiana,” said Assistant Administrator Cynthia Giles for EPA’s Office of Enforcement and Compliance Assurance.  “Mining and mineral processing facilities generate more toxic and hazardous waste than any other industrial sector.  Reducing environmental impacts from large fertilizer manufacturers operations is a national priority for EPA, as part of our commitment to pursuing cases that have the biggest impact on protecting public health.”

The alleged violations in this case stem from storage and disposal of waste from the production of phosphoric and sulfuric acids, key components of fertilizers, at Mosaic’s facilities in Bartow, Lithia, Mulberry and Riverview, Florida, and St. James and Uncle Sam, Louisiana.  Mosaic failed to properly treat, store, and dispose of hazardous waste, and also failed provide adequate financial assurance for closure of its facilities.

As part of EPA’s National Enforcement Initiative for mining and mineral processing, the agency has required phosphate fertilizer production facilities to reduce the storage volumes of hazardous wastewaters, ensure that waste piles and ponds have environmentally-protective barriers installed and verify the structural stability of waste piles and ponds.

Mosaic has committed to spending approximately $170 million over the next several years to implement an innovative reconfiguration of their current operations and waste management systems.  The development of these of industry-leading technologies will optimize resource efficiency and decrease the amount of raw materials required to produce fertilizer.  This case spurred Mosaic to develop advanced engineering controls and practices to recover and reduce some types of acid wastes that result from fertilizer production, which will reduce the amount and toxicity of the waste materials stored at Mosaic’s facilities and the severity of potential spills while cutting Mosaic’s costs for treating material at closure, which would otherwise have been categorized as hazardous waste.

Under the settlement, Mosaic will also fund a $1.2 million environmental project in Florida to mitigate and prevent certain potential environmental impacts associated with an orphaned industrial property located in Mulberry, Florida.  In Louisiana, Mosaic will spend $1 million to fund studies regarding statewide water quality issues.

Mosaic produces phosphorus-based fertilizer that is commonly applied to corn, wheat and other crops across the country. Sulfuric acid is used to extract phosphorus from mined rock, which produces large quantities of a solid material called phosphogypsum and wastewater that contains high levels of acid.  EPA inspections revealed that Mosaic was mixing certain types of highly-corrosive substances from its fertilizer operations, which qualify as hazardous waste, with the phosphogypsum and wastewater from mineral processing, which is a violation of federal and state hazardous waste laws.

A consent decree formalizing the settlement was lodged today in the U.S. District Courts for the Middle District of Florida and the Eastern District of Louisiana and is subject to a 45-day public comment period and approval by the federal court

Exclusive: Vale resumes search for Cubatão fertilizer assets buyer - sources

By Tatiana Bautzer | SAO PAULO

After Norway's Yara pulled out as a potential bidder, Vale SA (VALE5.SA) has resumed searching for a buyer for four fertilizer plants that were not included in a $2.5 billion sale to Mosaic Co, according to three people with direct knowledge of the matter.

A reworked sale process for plants located in the southeastern city of Cubatão was launched in recent days, in the wake of Yara International ASA's November decision to withdraw, the people said. Talks between Yara (YAR.OL) and Vale had taken place for several months, said the first person.

The legacy of Murilo Ferreira

Vale said goodbye to Murilo Ferreira.

Fertilizer conduction was a kind of disastrous.

The value was reduced to less than half in 6 years.

Mariana Fundao Dam rupture do not help with the public image.

But he leaves a more focused and less indebited company.

And, up to now, no scandals arose like at Petrobras.

The company is so keen in politics (internal and external) that there are small room available for technicalities.

No good for a mining and industrial company.

The King is dead.

Long live the king.

Good luck to new CEO, Fabio Schvartsman.

ITAFOS TO ACQUIRE STONEGATE AGRICOM LTD. BY WAY OF PLAN OF ARRANGEMENT

MAY 19, 2017

Toronto, May 19, 2017  - Itafos (TSXV:IFOS) and Stonegate Agricom Ltd. (TSX:ST) (” Stonegate”) are pleased to announce that they have entered into an arrangement agreement dated May 18, 2017 (the ” Arrangement Agreement”) pursuant to which Itafos would acquire all of the issued and outstanding common shares of Stonegate (the “Stonegate Shares”) not already owned directly or indirectly by it by way of a court-approved plan of arrangement under the Business Corporations Act (Ontario) (the ” Arrangement”).

Under the terms of the Arrangement Agreement, each shareholder of Stonegate (a “Stonegate Shareholder”) will receive 0.008 of an ordinary share of Itafos (an “Itafos Share ”) for each Stonegate Share held. Itafos anticipates issuing an aggregate of approximately 2,985,777 Itafos Shares to Stonegate Shareholders pursuant to the Arrangement.

The Arrangement is expected to provide Stonegate Shareholders with the opportunity to participate in a larger phosphate entity, with a diversified portfolio of phosphate projects and a prospect for growth in the short to medium term.

The Arrangement is subject to the approval of the Ontario Superior Court of Justice (Commercial List) and (i) at least two-thirds of the votes cast by Stonegate Shareholders at the Stonegate Meeting (as defined below); and (ii) a majority of the votes cast by disinterested Stonegate Shareholders at the Stonegate Meeting.

In addition to the aforementioned approvals, completion of the Arrangement is subject to other customary conditions, including the receipt of all necessary regulatory and stock exchange approvals. The Arrangement is expected to close by August 2017.

The Arrangement Agreement contains customary non-solicitation provisions which are subject to Stonegate’s right to consider and accept a superior proposal subject to a matching right in favour of Itafos. In the event that the Arrangement is not completed as a result of a superior proposal or for other certain specified circumstances, Stonegate will pay Itafos a termination fee.

The Arrangement constitutes a “business combination” under Multilateral Instrument 61-101 — Protection of Minority Security Holders in Special Transactions (“MI 61-101”) for Stonegate and a “related party transaction” under MI 61-101 for Itafos as Itafos currently indirectly owns 202,450,642 Stonegate Shares, representing approximately 35.2% of the issued and outstanding Stonegate Shares. Itafos is relying on the formal valuation exemption in section 5.5(b) of MI 61-101, on the basis that no securities of Itafos are listed on the Toronto Stock Exchange (the “TSX”) or other specified markets, and the minority approval exemption in section 5.7(a) of MI 61-101, on the basis that neither the fair market value of the Stonegate Shares to be acquired pursuant to the Arrangement nor the consideration to be paid for the Stonegate Shares exceeds 25% of Itafos’ market capitalization. As required by MI 61-101, Stonegate will obtain a formal valuation (the “Valuation”) from Echelon Wealth Partners Inc. (“ Echelon”) and will seek the requisite approvals of the Arrangement from Stonegate Shareholders at a special meeting which is expected to be held in July 2017 (the “ Stonegate Meeting”).

The Valuation is being prepared under the supervision of a special committee of the board of directors of Stonegate consisting of independent and disinterested directors (the “ Stonegate Special Committee”) and will be included in the management information circular (the “Circular”) to be mailed to Stonegate Shareholders in connection with the Stonegate Meeting. Prior to the execution of the Arrangement Agreement, Echelon provided a verbal opinion that, based upon and subject to the assumptions, limitations and qualifications in such opinion, the consideration to be received by Stonegate Shareholders is fair, from a financial point of view, to Stonegate Shareholders (other than Itafos and its affiliates). A copy of the fairness opinion will also be included in the Circular. All Stonegate Shareholders (other than Itafos and its affiliates) will be treated on the same basis and no additional consideration or benefit is available to any Stonegate Shareholder (other than Itafos and its affiliates). In connection with the Arrangement, all outstanding options of Stonegate will be cancelled, and the 100,000,000 outstanding common share purchase warrants of Stonegate will be exchanged for replacement warrants of Itafos exercisable to acquire that number of Itafos Shares as is equal to 0.008 multiplied by the number of Stonegate Shares that the holders of the warrants so transferred and assigned would have acquired if such holders had exercised such warrants immediately prior to the effective time of the Arrangement.

The Stonegate Special Committee, following a review of the terms and conditions of the Arrangement Agreement and consideration of a number of factors, unanimously recommended that the board of directors of Stonegate (the “Stonegate Board”) approve the Arrangement. After receiving the recommendation of the Stonegate Special Committee and advice from its advisors, the disinterested members of the Stonegate Board have unanimously determined that the Arrangement is in the best interests of Stonegate and is fair to Stonegate shareholders (other than Itafos and its affiliates) and will recommend that Stonegate Shareholders vote in favour of the Arrangement. Mr. Brian Zatarain, a director of Stonegate and Chief Executive Officer of Itafos, is a related party and, as such, declared his interest to the Stonegate Board in connection with the Arrangement and did not attend the meetings of the Stonegate Board relating to the Arrangement. All of the directors and senior officers of Stonegate, as well Mr. Lloyd I. Miller, III (a Stonegate Shareholder who beneficially owns, or controls or directs, directly or indirectly 21.3% of the Stonegate Shares), have entered into customary support agreements (collectively, the “Support Agreements”) with Itafos pursuant to which, among other things, they have agreed to vote their Stonegate Shares in favour of the Arrangement.

If the Arrangement is completed, the Stonegate Shares will be delisted from the TSX.

A copy of the Arrangement Agreement is available through Stonegate’s and Itafos’ filings with the securities regulatory authorities in Canada in SEDAR at www.sedar.com.

None of the securities to be issued pursuant to the Arrangement Agreement have been or will be registered under the United States Securities Act of 1933, as amended (the “ U.S. Securities Act”), or any state securities laws, and any securities issued in the Arrangement are anticipated to be issued in reliance upon available exemptions from such registration requirements pursuant to Section 3(a)(10) of the U.S. Securities Act and applicable exemptions under state securities laws. This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities.

Itafos will file an updated early warning report in connection with entering into the Arrangement Agreement and the Support Agreements. A copy of the report will be available under Stonegate’s profile at www.sedar.com, or by contacting Brian Zatarain, the Chief Executive Officer of Itafos at brian.zatarain@itafos.com.

ADVISORS

Echelon Wealth Partners Inc. is acting as the financial advisor to Stonegate in connection with the Arrangement. Cassels Brock & Blackwell LLP is acting as Canadian legal counsel to Stonegate, Neal, Gerber & Eisenberg LLP is acting as US legal counsel to Stonegate and Norton Rose Fulbright Canada LLP is acting as legal counsel to Itafos in connection with the Arrangement.

Vinachem

Enterprise’s name:TẬP ĐOÀN HÓA CHẤT VIỆT NAM

Trading name:VIETNAM NATIONAL CHEMICAL GROUP

Abbreviated name: VINACHEM

Head Office:

Add.: 1A Trang Tien, Hoan Kiem District, Hanoi, Vietnam

Tel.:( 84.4)38240551

Fax: (84.4)38252995

E-mail: infor@vinachem.com.vn

Website: vinachem.com.vn

Representative Office in Ho Chi Minh City:

22 Ly Tu Trong , District No 1, Ho Chi Minh City.

Tel. (84.8)38225163

Fax: (84.8)38225893

Vietnam National Chemical Group is a multi-possession enterprise in which state possession governs over other possessions. The Group is functioning as a parent company - subsidiaries and was formed according to Decision No 2180/TTg signed by Prime Minister concerning the rearrangement and restructuring Vietnam National Chemical Corporation. The parent company - Vietnam National Chemical Group is a 100% state capital enterprise and restructed from Group Office, departments and dependent companies including: Centre for Information of the Chemical Science and Technicques, Chemical Services and Trade Center.

Apart from the parent company - Vietnam National Chemical Group, the Group has 03 companies which Vinachem holds 100% registered capital, 21 companies which Vinachem holds the leading shares (over 50% registered capital), 13 affiliates which Vinachem holds under 50% registered capital, one Research Institution and one College.

On June 23rd 2010, according to Decision No 953/QD-TTg signed by Prime Minister, the Parent Company - Vietnam National Chemical Group was changed into a Limited Company owned by the State.

Itafos is the new name for MbAC in Arraias - Campos Belos Brazil

Commencement of Itafos-Arraias operations expected in Q2 2017
 Capacity utilization and related production expected to ramp up to about 80% by the end of Q4 2017
 Significantly de-levered balance sheet which together with strong equity capital base facilitates debt raising to close potential financing gaps
 Valuation upside opportunity supported by near-term de-risking of Itafos-Arraias and longer-term development pipeline

https://itafos.com/site/assets/files/1649/2017-04-ifos-cp.pdf

Cubatao asssests of Vale Fertilizantes is being sold

Vale confirmed recently that it’s looking to divest the Cubatao assets, which were left out of Vale’s $2.5 billion sale of fertilizer operations to Mosaic Co. announced in December. 
The company declined to comment on energy assets, vessels or the amount it’s seeking to raise.

https://www.bloomberg.com/news/articles/2017-02-21/vale-said-eyeing-1-5-billion-in-disposals-with-iron-deals-nixed

KEMWorks

Proud of his heritage, I join myself to this company.
It is well known, both for its jobs and for the Pocket Manual.
Lakeland is still in the center.
Phosphate industry is still very important.
And there is brains, equipment, expertise.
In a couple of miles around you got more specialized technical services than elsewhere.
Universities, institutes and private services providers abound.
Our relationships are by far north and south amercian, but Marten is very well known in Morocco.
And if we dont know we know the very person who knows.
It is not a official site.
For references see www.kemworks.com
    

Florida

It was the very center of phosphate industry.

Brazil is bullish

Mosaic is buying Vale.
Vale will keep in business as Cubatao Fertilizantes.
Yara is taking Galvani.
CMOC operates former Copebras Anglo.
Heringer has OCP and PCS as partners.
ICL has major interests in KCl and purified acid.
Life goes on. 

Mbac turns to Itafos

A long waited project is coming to life again.
The SSP plant at Arraias Tocantins got the right financing and is schedulled to re start in early April.
Brazil and world phosphate welcome this junior to the major's club!

Warehouses of phosphate

Radon exhalation should be measured to  eventually avoid high concentration of this radioactive gaseous element.

Fire breaks out at Vale fertilizer unit, production halted

SAO PAULO, Jan 5 (Reuters) - A fire broke out on Thursday at a Vale fertilizer unit in Sao Paulo state, the company confirmed. It was not immediately clear what, if any, damage, there was, but production at the facility halted.

G1, the website for Globo TV, reported that an explosion was heard just before the fire broke out and that ammonium nitrate was spewing from the facility in the industrial city of Cubatao.

There was no immediate word on deaths or injuries. (Reporting by Roberto Samora; Editing by Jonathan Oatis).

A conveyor belt suposely started a small quantity fire and blast. Investigation is underway.

A warehouse was dammaged.

Environmental spills and fumes where minor in front of the inventory of some 10.000 ton of both Ammonium Nitrate and Ammonia.

Phosphate where colaterally affected due to minor dammage in MAP and Phosphoric Acid had stopped for some days. Investment should be done to refurbish and improve intrinsec safe. Projects are done accordingly, looking for the sale of these unities that are in Vale´s order of the day.