Aguia Resources wants to mine phosphorites in Brazil
The Australian company Aguia Resources received a license from the Brazilian authorities for the right to mine phosphorites within the Tres Estradas project (state of Rio Grande do Sul).
The key objective of the Tres Estradas project is the Lavras do Sul deposit with exploitable reserves of phosphorites in the amount of 108 million tons. The predicted resources can be increased, as the area around Lavras do Sul has not yet been fully explored.
Aguia Resources intends to build a quarry and a processing plant there, which will produce 300 thousand tons of phosphorites per year for 18 years. It has already received almost $3 million for the construction of facilities in the first phase of Tres Estradas.
The implementation of the Tres Estradas project will help to reduce the import of mineral fertilizers to Brazil from the current 85% to 45% by 2050. The consumption of phosphorus fertilizers in the country is estimated at 7-8 million tons per year, of which 72% is imported from Morocco and Jordan.