Approval of a deal between VALE and Petrobas should give a boost to Vale's plan to become a...

|About: Vale S.A. (VALE)|By:, SA News Editor

Approval of a deal between VALE and Petrobas should give a boost to Vale's plan to become a bigger player in the fertilizer business. The agreement will enable Vale to develop a new potash mine as well as to continue production at Petrobas' Taquari-Vassouras site, currently the only potash mine in the country.