MBAC Fertilizer Corp. has phosphate and potash properties in Brazil.
Itafós Arraias SSP Project - is located near
the border of Goias and Tocantins states in Brazil. MBAC is investing approximately
US$323 million in capital to build a Single Superphosphate (SSP) fertilizer plant.
Phosphate rock will be mined, beneficiated and converted to SSP.
Santana Project -
is located in the South-eastern most portion of the Para State, in Northern Brazil.
The property has important defined phosphate reserves indicating it will be among
the highest phosphate grade mines in Brazil (12-13% P2O5). The planned future plant
will be ideally located to serve the most important Brazilian market in Mato Grosso state.
The Aneba Potash Project is located in the Amazon basin, north of two (2) potash
deposits (Arari and Fazendinha) which are being developed by Petrobras SA. The Aneba
Potash Project is comprised of 27 exploration leases covering approximately 270,000
hectares and six (6) prioritary applications for exploration licenses.