Verde Agritech Plc, Belo Horizonte, Minas Gerais, Brazil, said on Feb. 10 it has received a Mining Concessionfor the extraction of up to 2.5 million mt/y of potash rich ore, which it can process into its multi-nutrient potassium products BAKS® and K Forte®. Verde’s product is sold internationally as Super Greensand®. With the new concession, the company said it is now fully permitted to produce up to 2.83 million mt/y.
“This mining concession marks one more milestone for Verde,” said Cristiano Veloso, Verde Founder and CEO. “It will supply raw material for our Plant 2, which will boost production and accelerate sales growth. It is also another important governmental stamp of approval for our efforts towards reducing Brazil’s crippling dependency on imported potash.”
Verde is targeting 700,000 mt of production in 2022 and 1.4 million mt in 2023.