The international mining company Anglo American Group recently publicly confirmed that the company decided to abandon the sale of its Brazilian fertilizer plant. Anglo's chief executive said that this decision has enabled the company's fertilizer division to have better prospects: “The company will continue to work on phosphate fertilizer production. It is clear that the global demand for agricultural phosphate fertilizer is strong. We expect that from the phosphate fertilizer in the near to short-term The business gets a higher return.†In the company's 2009 company's mining restructuring plan, the Brazilian phosphate fertilizer plant is part of the planned sale. Motorized Valve,Motorized Ball Valve,Electric Valve Galaxy Valve Co., Ltd. , http://www.tjgalaxyvalve.com
Although some Brazil's local fertilizer companies, including Vale, Bunge Group, Galvani, AMA-Brasil, and OCI in Egypt have all been interested in acquiring the Brazilian phosphate fertilizer plant, according to people familiar with the situation. According to the disclosure, only Vale raised the offer. However, Vale's highest offer of $1.3 billion does not meet Anglo American’s $1.7 billion forecast, which also exceeds industry analysts' expectations. Most analysts believe that the price should not exceed $1 billion.
In 2009, Brazil’s phosphate fertilizer plant suffered a loss of US$40 million in the entire year, and this situation was later reversed. In 2010, the plant’s operating profit reached US$81 million. In the first half of 2011, the plant’s operating profit was US$54 million. At the same time, due to the increase in prices, sales of low-level phosphate fertilizers and diammonium, this revenue increased by 57% year-on-year in the first half of 2011.