Itafos Inc V.IFOS

Arraias, Farim and Santana

[Mineralrunner]

It 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/

[Mineralrunner]

This suggests that China might extend is export ban on fertilizers to secure its own agricultural needs.  Good news for Ifos' assets Xi Says China Can’t Rely on World Markets for Food Security (from Bloomberg today)Bloomberg News March 6, 2022, 6:42 AM EST China can’t rely on international markets to ensure food security, President Xi Jinping told a political meeting, the state

[Mineralrunner]

Sounds like the right opportunity has arisen to seriously consider a full restart of Arraias.  Perhaps they are waiting for take-off agreements like they were able to secure for the sulfuric acid production. "The Brazilian National Fertilizer Association, which represents fertilizer companies in this country, has warned that local fertilizer stocks will only last for another three