Brazil Potash Secures Licensing to Start Construction of Its Autazes Project
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Brazil Potash Corp. said the Amazon State Environmental Protection Institute (IPAAM), has granted the mine installation license for the Autazes Potash Project to the 100 percent owned Brazilian subsidiary Potassio do Brasil, allowing for construction to commence.
This is a major milestone in the company’s development and follows several years of environmental, social, and technical studies as well as the successful completion of local Indigenous people’s ‘free, prior, and informed consultations’.
The company expects to start construction with the awarding of contracts for mine surface works and shaft construction.
“We are thrilled to receive the mine installation license from the Amazon State Environmental Protection Institute. For several years, Brazil Potash has been waiting for this moment to show that is possible to have a sustainable mining operation in the Amazon region. With the Autazes Potash Project’s support from the Mura Indigenous people, we can show the world that it is possible to have more development for local communities with a better quality of life. This truly marks a win-win for Brazil’s economy, its people, and the world,” said Adriano Espeschit, president of Potássio do Brasil.
“I am very proud of the years of permitting, indigenous, government, and community relations work completed by our team in Brazil headed by our president Adriano Espeschit, which has resulting in securing the mine installation license. This is a major milestone to advance and de-risk the development of the Autazes Potash Project as we move closer to the start of project construction,” said Brazil Potash’s CEO, Matt Simpson.
Brazil Potash’s Autazes deposit can be mined and processed, using proven off the shelf environmentally friendly technology, to extract the ore using room and pillar mining, separate out the potash using hot water, and return the remaining material (sodium chloride tailings) back underground. From an environmental perspective, this project has positive greenhouse gas credentials considering it will operate with predominantly green produced electric energy. Production in country also eliminates 12,000 to 20,000 kilometers of shipping to reach Brazil’s large soybean farmers in Mato Grosso resulting in clear benefits to Brazil and for global food security.
Brazil Potash is a private company with its base of technical operations located in Belo Horizonte, Brazil and a corporate office in Toronto, Canada. Its primary focus is on exploration and development of its significant potash properties in the state of Amazonas, Brazil. The company is positioned to capitalize on the growing demand for potassium-based fertilizers needed to grow healthy and sustainable crops in the agricultural sector in Brazil and globally.
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