452-Million-Dollar Deal Eurochem Completes Takeover of Serra do Salitre Phosphate Project in Brazil

Under the terms of the contract, Eurochem acquired the Serra do Salitre Phosphate project for 452 million dollars. The project includes a phosphate mine and a fertilizer plant capable of producing 1 MMT of fertilizers annually.

Related Vendors

Glatt Ingenieurtechnik GmbH

CAC ENGINEERING GMBH

Pörner Ingenieurgesellschaft mbH

EuroChem Group

Zug/Switzerland – Eurochem Group has completed the acquisition of the Serra do Salitre phosphate project in Brazil. Eurochem officially takes over the advanced-stage mine and plant in Minas Gerais as of February 22. The complex comprises an open-pit phosphate mine with over 350 million metric tons (MMT) of reserves and a plant with production capacity of 1 MMT of fertilizers per year.

The deal was valued at 452 million dollars, and Eurochem will invest a similar amount to fully implement the project. Fertilizer production is expected to launch in 2024 and reach full capacity in 2025. The mine and processing plant are currently in operation and produce about 500 KMT of phosphate rock.

The project incorporates a sulfuric acid plant, a phosphoric acid plant, and a storage facility for granular fertilizers, including urea and potassium chloride, among other products.

(ID:48110539)