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Brazil Former ‘Soy King’ Seeks Thallium Mine Partners, Valor

March 1 (Bloomberg) -- Olacyr de Moraes, once the world’s largest soybean producer and known as ’Soybean King’ in the 1980s, is in talks with three foreign business groups to form a thallium mining venture in the country, Valor Economico reported.

Moraes’s Itaoeste Servicos e Participacoes Ltd. mining business has $50 million to develop its first production project in Brazil’s northeastern state of Bahia, the Sao Paulo-based newspaper said, citing Moraes in an interview.

Thallium is a rare metallic chemical element used to make photoelectric cells and rat poisons.

To contact the reporter on this story: Rodrigo Orihuela in Rio de Janeiro at rorihuela@bloomberg.net

To contact the editor responsible for this story: Dale Crofts at dcrofts@bloomberg.net

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