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Petrobras Seeks Bidders for Potash Mining Rights in the Amazon

Petrobras headquarters in Rio de Janeiro, Brazil.

Petrobras headquarters in Rio de Janeiro, Brazil.

Photographer: Dado Galdieri/Bloomberg

Brazil’s oil giant Petrobras is seeking potential buyers for its long-held potash mining rights in the Amazon Basin at at time when fertilizer supply is tight and costs are high.

The state-run company assets for sale include 8 potassium salts mining concessions, 4 mining requests, and 22 mining titles in the process of obtaining a research authorization from the local mining agency.