Cristiano Veloso, CEO of Verde Potash PLC (TSX:NPK) discusses the opportunities for his company going forward in the potash industry with James West on Midas Letter Money.He makes the case that potash produced by Verde will be consumed locally by Brazilian farmers, as currently Brazil is the world's 3rd largest importer of potash.
Verde Potash plans to begin production in 2015, growing to production of 3 billion tonnes of potash by 2019. The country uses most of its potash to produce sugar cane. In 2007, the country produced 550 million tonnes of sugar cane and consumed approximately 6.8 million tonnes of potash.
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The full transcript of the interview is available here:
http://www.midasletter.com/index.php/verde-potash-ceo-cristiano-veloso-discusses-potash-in-brazil-on-midas-letter-money/ (http://www.midasletter.com/index.php/verde-potash-ceo-cristiano-veloso-discusses-potash-in-brazil-on-midas-letter-money/)
About Verde Potash.
Verde is a fertilizer exploration and development company; it was founded and is led by Brazilians. Verde is developing the Cerrado Verde project in Brazil, a source of potash-rich rock from which the Company plans to produce a potash fertilizer product. Founded as Amazon Mining Holding Plc in 2005, the Company changed its name to Verde Potash Plc in April 2011 to better reflect its core business.
About Midas Letter Money
Midas Letter Money is the show about commodities, energy, and natural resources and the public companies who seek for and develop them. Hosted by James West and distributed to 450,000 installed subscribers to the Thomson Reuters Insider platform, the show is available at insider.thomsonreuters.com or at http://www.midasletter.com
Contact: James West
midasletter@midasletter.com (mailto:midasletter@midasletter.com)
http://www.midasletter.com (http://www.midasletter.com)
(416) 598-9181
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Source: Midas Letter Portfolio Advisors AG via Thomson Reuters ONE
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Midas Letter Portfolio Advisors AG via Thomson Reuters ONE
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