Arraias, Farim and SantanaIt is becoming more and more frustrating on IFOS' utter silence on their purported months of review on "strategic alternatives" for these projects. The supply chain has been disrupted for months, the demand for fertilizer in Brazil is extremely high, and now Russian (in addition to China) exports are going to add fuel to the fire. Get of your a$$ IFOS management and start communicating appropriately with your shareholders.
From mining.com today:
"The ripples of Russia’s invasion of Ukraine may reach all the way to Amazonian rainforests as Brazil sees disruptions to global fertilizer supplies as another reason to produce more of its own."
"Insufficient domestic supplies of crop nutrients have been a thorn in the side of Brazil for decades, with the agricultural superpower importing about 80% of its needs."
Quote: “These times are making us discuss the need to extract potash in Brazil. We have big reserves, but unfortunately they are in indigenous lands,” (understood it is potash, and IFOS is phosphate)
https://www.mining.com/web/fertilizer-turmoil-bolsters-brazils-case-for-mining-the-amazon/