Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Vale Agrees to Lease a Petrobras Potash Mine, Valor Says

Feb. 9 (Bloomberg) -- Vale SA agreed to lease a potash mine owned by Petroleo Brasileiro SA for 30 years to set up a fertilizer project worth $4 billion, newspaper Valor Economico reported, citing sources it didn’t identify.

Vale will pay the Brazilian state-controlled oil company a percentage of the revenues generated by the project, located in the Brazilian northeastern state of Sergipe, the Sao Paulo-based newspaper said. The board of Vale will have an extraordinary meeting to approve the agreement today and the contract between both Rio de Janeiro-based companies may be signed as early as tomorrow, Valor said.

To contact the reporter on this story: Juan Pablo Spinetto in Rio de Janeiro at

To contact the editor responsible for this story: Dale Crofts at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.