Tauil & Chequer Advogados in association with Mayer Brown
advised Potássio do Brasil throughout the environmental
licensing process to obtain the Installation License (LI) for the
Autazes Project, issued by the Amazonas Environmental Protection
Institute (IPAAM), which will allow the start of the mine works for
the exploration of potassium chloride (sylvinite) in Autazes, in
Amazonas, in addition to the construction of the functional and
administrative part of the complex that will host the
project.
The Brazilian National Mining Agency (ANM) had already granted
Potássio do Brasil the mining right and, after a long legal
battle, IPAAM issued the LI that will allow the construction of the
mining facilities and investments in infrastructure and
environmental aspects to begin.
The Autazes Project will receive an estimated investment of US$3
billion for its implementation and it is expected that, during the
construction phase and throughout its operation, around 1,300
direct jobs and 13,000 indirect jobs will be created. Furthermore,
the annual production capacity is estimated at 2.2 million tons of
potassium chloride, corresponding to around 20% of Brazilian
consumption and with the potential for expansion to meet 50% of the
country's consumption needs, significantly reducing
Brazil's dependence on imported fertilizers.
Partners Luis Adams, Alexandre Chequer, Luiz Gustavo Bezerra, and
counsel Gedham Gomes led the team.