Posted in | News | Mining Business | Potash

Brazil's Vale Not Interested in PotashCorp

Brazil's Vale, the second-largest mining company in the world, had been seen as a possible saviour for PotashCorp but on Monday Vale denied that it was in talks to acquire the Canadian fertilizer company.

PotashCorp had rejected a hostile takeover bid of $38.6 billion by the Australian mining major, BHP Billiton. It had then mentioned that it was in talks with other companies about counter bids.

It was being speculated that Vale was making a bid to acquire the fertilizer company but a brief statement was issued by the Brazilian mining giant denying the move. It said that there was no truth in the rumours going on about negotiations with the purpose of making a bid to acquire a fertilizer company.

The speculation was based on the fact that Vale is hoping to expand its position in potash to become one of the world's largest fertilizer producers by the year 2017. The spokesperson said that Vale was concentrating on developing its own projects rather than making acquisitions.

Joel Scanlon

Written by

Joel Scanlon

Joel emigrated to Australia in 1995 and worked for five years in the mining industry as an exploration geotechnician, using GIS mapping and CAD software. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm. After that, he ran a successful business providing web services to businesses along the eastern seaboard of Australia. During this time, he developed and launched News-Medical.Net. Joel has been working with AZoNetwork since the company was founded in 2000.


Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Scanlon, Joel. (2019, March 19). Brazil's Vale Not Interested in PotashCorp. AZoMining. Retrieved on March 24, 2023 from

  • MLA

    Scanlon, Joel. "Brazil's Vale Not Interested in PotashCorp". AZoMining. 24 March 2023. <>.

  • Chicago

    Scanlon, Joel. "Brazil's Vale Not Interested in PotashCorp". AZoMining. (accessed March 24, 2023).

  • Harvard

    Scanlon, Joel. 2019. Brazil's Vale Not Interested in PotashCorp. AZoMining, viewed 24 March 2023,

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type