# Yara completes divestment of Salitre phosphate mining project to EuroChem | World Fertilizer

> Yara has closed the divestment of its Salitre phosphate project in Brazil to EuroChem and received total proceeds of US$452 million. The project includes a mine with over 350 million tonnes of reserves and a planned processing plant due in 2023.

- Date: 2022-02-23 · published 2022-02-23T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/43009-yara-completes-divestment-of-salitre-phosphate-mining-project-to-eurochem-world
- Commodities: [TSP](https://feedsoft.ai/c/TSP.md)

## Why it matters

This is a corporate ownership transfer with no immediate effect on phosphate supply or prices, since the mine's output is still years from full processing capacity.

## Sources

- worldfertilizer.com: https://www.worldfertilizer.com/phosphates/23022022/yara-completes-divestment-of-salitre-phosphate-mining-project-to-eurochem/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.