MBAC Fertilizer Corp. has phosphate and potash properties in Brazil.
Phosphate
Itafós Arraias SSP Project - is located near the border of Goias and Tocantins states in Brazil. MBAC
currently operates a small phosphate mine and grinding plant that sells natural
phosphate for direct application to local farms. MBAC is investing approximately
US$200 million in capital to build a Single Superphosphate (SSP) fertilizer plant
close to its current operation. 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 good prospects for phosphate and is ideally
located to serve important Brazilian markets in Mato Grosso state.
Carmo Project - is located in the central Minas Gerais State of Brazil. Good infra-structure
and close proximity to extensive farm land and to several bulk fertilizer blenders
imply in lower minimum size requirements for standalone operations when compared
to other exploration projects elsewhere in Brazil.
Potash
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.