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Australian firm Aguia Resources secures lease to process phosphate in Brazil, set to start Q3.
Australian company Aguia Resources has secured a 10-year lease to process organic phosphate from its project in southern Brazil, starting this year's third quarter.
The lease, costing BRL$163,000 monthly and a one-time BRL$5 million payment, allows Aguia to skip two years of construction and reduce capital costs.
The deal marks a significant step for Aguia in becoming a phosphate producer.
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La empresa australiana Aguia Resources asegura un contrato de arrendamiento para procesar fosfato en Brasil, que comenzará el tercer trimestre.