The Brazilian arm of Aguia Resources hopes to complete building the first phosphate mine in Southern Brazil by late 2023.

Interest in potash mines in Brazil is growing as the Ukraine war has highlighted the country's dependence on imports of the product.

Potash and salt miner reiterated its full-year profit guidance on Thursday.

Nutrien in January surprised investors by replacing its CEO for the second time in eight months.

Nutrien has said it will ramp up potash production capability to 18 million tons by 2025, a 40% increase compared to 2020.

Prices of the fertilizer ingredient have soared this year on fears of a shortage caused by the Russian invasion of Ukraine.

Building new roads to reach mines would allow illegal loggers, land grabbers and ranchers easier access to relatively untouched parts of the forest, study says.