MBAC Fertilizer Corp. (MBC: TSX) is a publicly traded company seeking to become a significant integrated producer of phosphate and potash fertilizers in Brazil for Brazilian consumption.
To fuel Brazil`s impressive growth in output, the total area of land under cultivation has expanded to around 50 million hectares, but perhaps more amazingly, has potential to expand to 300 to 400 million hectares
MBAC Fertilizer completes feasibility study for Itafos project in Brazil; report shows growth in M&I resources
The mineral resource estimate for the Arraias property was updated with an estimated Near Mine Block regions deposit containing 58.8 million tonnes of measured and indicated mineral resources, averaging 5.01% P2O5 at a 2.8% P2O5 cut-off grade as of July 16, 2010.
14/09/12MBAC Fertilizer says initial PEA confirms “significant value” of Araxá REO project
22/09/11MBAC Fertilizer to receive $34m investment from World Bank member IFC
03/12/10MBAC Fertilizer receives initial environmental license for Itafos expansion project in Brazil
Recent Sector News
Canadian shares gained a second day as energy producers climbed after positive economic reports from the U.S., the country's largest trading partner, indicated economic growth is gaining momentum, outweighing declines in mining stocks. The resource-heavy benchmark Standard & Poor’s/TSX Composite Index (TSE:OSPTX) added 0.4 percent to 12,557.31 at 12:33 p.m. in Toronto on Friday. Nine of ten groups gained.
If you think the pain in the resource sector is over, Rick Rule will gladly give you a reality check. But, the chairman of Sprott U.S. Holdings says being brash in a bear market where there is no competition will pay off.
Curis Resources (TSE:CUV) has arranged to raise $6 million through a non-brokered private placement financing, with funds to be used to advance the development of the company's Florence copper project in Arizona, which earlier this year yielded strong economics in a prefeasibilty report.
Iron ore explorer Afferro Mining (LON:AFF) (CVE:AFF) said talks are continuing with would-be buyer International Mining and Infrastructure Corporation (LON:IMIC) following confirmation the latter has the funds needed to launch a bid.
Largo Resources (CVE:LGO) has garnered some impressive feedback from analysts this week, with some saying the company has the potential to become a leading supplier of vanadium in the stable jurisdiction of Brazil.
Lithium Americas Corp. (TSE:LAC) says that its current president and chief executive, Dr. Waldo Perez, will be stepping down from his role, and will be replaced by director John Kanellitsas in the interim.
Investors interested in MBAC Fertilizer recently viewed
- Aura Energy Limited (ASX: AEE) Advancing uranium exploration on three continents.
- Marifil Mines (TSX-V: MFM) .
- Peninsula Energy (ASX: PEN) Advanced uranium exploration in Wyoming, USA, South Africa & Australia
- Poseidon Nickel (ASX: ASX:POS) .
- Millennium Minerals Limited (ASX: MOY) Creating a profitable mid-tier gold producing company.