Vale announces that it has completed the process of acquiring mines in Araxá (Minas Gerais) and Cajati (São Paulo) and processing plants in Cubatão and Guará (both in São Paulo) from Bunge, as well as the company's stake in Fosfertil.
These acquisitions, added to Vale's existing assets and ongoing projects, make the company the leader in the Brazilian fertilizer market and a major global player.
Brazil has one of the largest areas available for agricultural expansion and among the highest growth potential for agribusiness in the world. It is forecast that Latin America, particularly Brazil, will account for 30% of future growth in demand for fertilizers in coming years.