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Verde Agritech Ltd T.NPK

Alternate Symbol(s):  VNPKF

Verde AgriTech Ltd is an agricultural technology company that produces potash fertilizers. The principal activity of the Company is the production and sale of a multi-nutrient potassium fertilizer marketed in Brazil under the brands K Forte and BAKS, Silicio Forte, and internationally as Super Greensand (the Product). K Forte is a potash fertilizer that is a source of potassium, silicon, and magnesium and micronutrients. BAKS is a combination of K Forte plus three other nutrients that can be chosen by customers according to their crops’ needs. It mines and processes its main feedstock from its 100% owned mineral properties, then sells and distributes the Product. Its Cerrado Verde Project is in Minas Gerais state, Brazil, which is a potassium-rich deposit, from which it is producing solutions for crop nutrition, crop protection, soil improvement, and increased sustainability. Its technologies are Cambridge Tech, 3D Alliance, MicroS Technology, N Keeper, and Bio Revolution.


TSX:NPK - Post by User

Post by 15Stanmoreon Apr 02, 2021 6:47pm
282 Views
Post# 32932852

The issue with words in a Mining Permit

The issue with words in a Mining PermitSorry, one last post.

I had mentioned previously about the potential for problems with the specific words used in a mining permit. Here a real example of what can happen, involving Verde, taken from a letter found on the government website (original in Portuguese so please forgive the online translation):

Process: 48403.833264/2008-00

Interested: Fvs Mining Ltda

Recipient(s): Superintendence of Mineral Research and Resources

 

Mr. Superintendent,

In compliance with the sei order Nº2348/SRM-ANM/2020 (1860649), the initial application of this process, aimed at diamond research, but there was the occurrence of a new substance, potassium rock, and although it is not included in the list of substances of the SCM, the final research report was approved for this substance, .

When trying to pay the CFEM of the mining of this new substance, through the Usage Guide, the system did not allow the selection of the desired substance and, therefore, the calculation base considered the unit and aliquot for diamond, instead of potassium rock.

In order to enable the collection of said CFEM, the process was forwarded to this Division for inclusion in the Minas Gerais Register ofa new substance in the mining process, considering what was reported by the interested party in Application No. 1842611.

In view of the analysis of the theme "mineral substance" was carried out by a specific working group coordinated by GEMI, according to SEI 48051.004416/2019-46, which deals with proposals for structuring and managing the information of mineral substances in the ANM, on 11/20/2020, was forwarded to this Coordination, the SEI Process 48403.933844/2012-74, for the knowledge and analysis of impacts and solutions in relation to the inclusion of the mineral substance called "ROCHA POTASSICA" in the list of substances of the Minas Gerais Registration System (SCM).

On 08/02/2021, the holder reiterated a letter filed on 01/27/2020, document no. 2196661, because he has not yet been able to collect the CFEM regarding the sale of potassium rock, extracted through Usage Guide No. 32/2019.

In view of the above, we suggest that the present case be forwarded to SGR/GEMI, for the supply of subsidies and positioning in relation to this demand.

Best regards

You can find the original here:

https://sei.anm.gov.br/sei/modulos/pesquisa/md_pesq_documento_consulta_externa.php?9LibXMqGnN7gSpLFOOgUQFziRouBJ5VnVL5b7-UrE5SnVs31paowPtrqXkilLHUplUMxNUdM4Nvdq1uwQnG59aBOs2RUQnKKhatc4GggiuNTkPAbfdBJpBs4CUabTb8a

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