Verde AgriTech Plc has received the full environmental license for mining up to 233 000 tpy of its multi-nutrient potassium fertilizer, marketed and sold in Brazil under the K Forte® brand and internationally as Super Greensand®.
The company had been awarded the mining concession for this area, Mine Pit 1, in 3Q19. The applications for environmental licenses for Mine Pit 1 started back in 2014. On 19 August 2020, the final stage of environmental permitting that authorises the start mining activities, called ‘Operational License’, was published by the state government. The license is valid until 2030.
With this latest operational license, the company is fully permitted to mine 432 800 tpy (i.e. Verde holds both a mining concession/permit and environmental licenses) and has submitted applications for an additional 2 500 000 tpy still pending approval.
"This license represents another great step for Verde’s expansion plans. Though we will not reduce the drive towards obtaining the 2 500 000 tpy mining concession and environmental licenses. In parallel, Verde will continue to research and develop new sustainable technologies to support global food production,” said Cristiano Veloso, Verde’s Founder, President and CEO.