Petrobras offers potash mining rights

Petrobras offers potash mining rights

M&A Brazil Economy & Policy Corporate & Sovereign Strategy

Brazil's state-run oil company Petrobras said it has started the process to sell potassium salts mining rights in the Amazon basin with Ernst & Young (EY) as financial adviser. Petrobras is offering 34 mining rights in four groups, covering a total of 229 square kilometers in the Fazendinha and Arari deposits in the state of Amazonas, according to a teaser document released on Thursday.  Eligible bidders must have at least $2 billion in equity or assets under management and express their int

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