Gigantic Potassium Reserves Discovered in Amazonas and Pará

Written by Flavia Marinho

Published on 26/01/2021 at 09:54

Updated on 15/02/2021 at 16:15

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Brazil Is the World’s Largest Importer of Potash, New Discovery in the Amazon and Pará Presents Opportunities to Reduce Country’s High Foreign Dependency

The Geological Service of Brazil, a public company linked to the Ministry of Mines and Energy, identified new occurrences in the Amazon and Pará Basin and increased its assessment of potassium salt deposits, or sylvinite, which is the mineral potassium chloride, from which potassium (K) is extracted, by 70%.

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Essential for any type of cultivation, potassium is one of the most important minerals for the fertilizer industry. The mineral is widely used to increase productivity in the field and, along with nitrogen and phosphorus, forms the triad present in NPK formulations.

Brazil currently holds the title of the world’s largest importer of potash, purchasing 96.5% of the potassium chloride it uses for soil fertilization, which, according to data from the Ministry of Economy, represented 10.45 million tons acquired in 2019.

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The Agricultural Sector of Brazil Will Benefit from New Discoveries of Potash in the Amazon and Pará

According to Marcio Remédio, director of Geology and Mineral Resources at the Geological Service of Brazil, if these already identified deposits enter production, the impact on the agricultural sector and fertilizer production in Brazil could be immediate. “The expectation is that by reducing fertilizer imports, the input will become cheaper and more accessible, eliminating transportation and logistics costs,” he explained.

The Minister of Mines and Energy, Bento Albuquerque, emphasized the importance of the work that the Geological Service of Brazil has been doing to facilitate inputs that are so necessary for the country’s development. “Brazil is known worldwide as an agro-environmental powerhouse, meeting a significant part of the growing global demand for food. The research aimed at minimizing dependence on imported agro-minerals is a strategic action and a goal of the Mining and Development Program, recently launched.”

Another important point highlighted by the president of the Geological Service of Brazil, Esteves Pedro Colnago, is the issue of national sovereignty. In 2021, the potash market was put on alert due to the political crisis in Belarus, the world’s largest supplier of the commodity, leading to price increases and concerns about the supply of the input. “One of our lines of action is to promote the discovery of new deposits for strategic commodities such as phosphate and potash, through various prospecting projects, especially given the concern to meet the Ministry of Agriculture, Livestock and Food Supply’s projection of an increase of about 27% in our grain production over the next decade,”

Alexandre Vidigal, Secretary of Geology and Mineral Transformation, reminded us of the benefits, beyond agribusiness and Brazil’s economy, that the mineral activity can generate regionally, such as the creation of new jobs, improvement in the income of the local community, and increased revenue in producing municipalities, which now receive the Financial Compensation for the Exploration of Mineral Resources (CFEM).

Gigantic Potassium Reserves Discovered in Amazonas and Pará

Brazil Is the World’s Largest Importer of Potash, New Discovery in the Amazon and Pará Presents Opportunities to Reduce Country’s High Foreign Dependency

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The Agricultural Sector of Brazil Will Benefit from New Discoveries of Potash in the Amazon and Pará

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Gigantic Potassium Reserves Discovered in Amazonas and Pará

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