Brazil Potash announced on October 3, 2022, that it had signed three binding agreements with AMAGGI and its logistics subsidiary Hermasa for planned Phase One production at the Autazes potash project in Amazonas, Brazil. AMAGGI agreed to buy 500,000 tonnes a year under take-or-pay terms and market a further planned 1.9 million tonnes a year; Hermasa agreed to transport the planned 2.4 million tonnes of annual output. These are agreements for future production, not evidence that the mine has started operating or delivering potash.
What did Brazil Potash and AMAGGI sign?
The package separates three functions: a purchase commitment, marketing of additional output, and river transport. The quantities in Brazil Potash’s October 2022 announcement refer to planned Phase One production at Autazes.
| # | Preview | Product | Price | |
|---|---|---|---|---|
| 1 |
|
Sand Sifter Set 4-Pack - Adult Rockhounding & Geology Mining Tool | $21.96 | Buy on Amazon |
| 2 |
|
Minelab PRO-Gold Panning Kit - 2 Gold Pans, 1 Classifier, 1 Convertible Carry Bag & More | $65.99 | Buy on Amazon |
| Agreement | Party | Planned annual quantity | What it covers |
|---|---|---|---|
| Offtake | AMAGGI | 500,000 tonnes | Purchase under take-or-pay terms |
| Marketing | AMAGGI | 1.9 million tonnes | Marketing the planned remaining production; the 2025 annual report describes the distribution and marketing right as exclusive subject to exceptions |
| Transport | Hermasa, AMAGGI’s logistics subsidiary | 2.4 million tonnes | Barge transport for planned initial output from a planned port near Urucurituba on the Madeira River toward Porto Velho or other river destinations |
Source for the quantities and route: Brazil Potash’s October 3, 2022 announcement. The marketing-right description is also in the company’s 2025 Form 20-F, filed in March 2026: annual report filing page.
How much potash will AMAGGI buy?
The stated purchase commitment is 500,000 tonnes per year, on a take-or-pay basis. Separately, AMAGGI agreed to market the planned remaining 1.9 million tonnes per year. These are different roles: the announcement specifies the 500,000-tonne quantity as a purchase commitment and describes the 1.9 million tonnes as production AMAGGI would market, not as an additional amount it agreed to buy.
Recommended Free Tools
#1 Best Overall
- Ergonomic handles designed for easy gripping and handling. Stackable design for efficient storage and convenient portability. Professional-quality set includes four Sand Sifters in Blue, Green, Red, and Yellow for multi-user rockhounding expeditions.
- GEOLOGY & MINERALOGY TOOL: Essential equipment for geological exploration and mineral discovery. Excellent for sifting through beach sand, riverbed sediment, desert soil, and mining sites to uncover rocks, gems, fossils, and mineral specimens during rockhounding adventures.
- VERSATILE APPLICATIONS: Ideal for rockhounding enthusiasts, geology clubs, mineral collecting groups, and recreational prospecting. Create engaging treasure hunts or systematic geological surveys. Perfect for beach excursions, desert exploration, fossil hunting, and gemstone prospecting activities.
- GEOLOGY & MINERALOGY EXPLORATION: Provides a hands-on approach for adults to explore geology, paleontology, and mineralogy. Perfect for beach excursions, sandbox prospecting, outdoor adventures, camping trips, field research, and professional or hobby rockhounding activities.
- MADE IN THE USA: Constructed from durable, weatherproof materials engineered for long-lasting performance in field conditions while maintaining vibrant colors. 10-inch diameter with 2-inch depth provides optimal sifting capacity for efficient mineral and fossil separation.
What do the marketing and barge agreements cover?
Marketing and sales
AMAGGI’s marketing arrangement covers the planned remaining Phase One output. The 2025 annual report describes AMAGGI’s distribution and marketing right as exclusive subject to exceptions, and states a 15-year term starting when commercial production begins. It also refers to exceptions and termination provisions, but the available filing description does not establish their full details.
Transport on the Madeira River
Hermasa’s barge agreement covers planned initial production of 2.4 million tonnes per year. The 2022 announcement described transport from a planned port near Urucurituba toward Porto Velho or other river destinations. This is a logistics agreement for projected mine output, not a record of cargo already moved.
How long do the agreements last, and how is the potash price set?
Brazil Potash’s 2022 announcement described the agreements as lasting 15 to 17 years, with a mutual option to extend. It said the potash sale price would reference the spot Brazil delivered price for granular muriate of potash (MOP), then account for inland freight savings and a discount. The later annual-report description gives a 15-year term from the start of commercial production for the marketing agreement. Because the sources describe the term differently and do not provide the full contracts, they do not establish that every agreement has an identical term or start date.
The announcement’s MOP benchmark is a pricing reference for fertilizer-grade potash delivered in Brazil; it does not disclose a fixed price in dollars per tonne. The price is therefore linked to a market benchmark and adjusted under the stated formula rather than quoted as a single guaranteed amount.
What’s actually slowing this PC down?
Pick the symptom - the matching free tool is one click away.
Rank #2
- PAN LIKE A PROFESSIONAL. Find gold the easy way with the high-quality PRO-GOLD Panning Kit. There's no need to shop around for several pans or accessories, as this kit comes complete with all your panning needs. Floats in water.
- PREMIUM PANS. Comes with 2 pans: A 15" dual riffle pan with 3 zones for efficient recovery of gold using multiple techniques and a 10" single riffle pan with large riffles and a flat sidewall that's great for lighter loads, beginners and children.
- VERSATILE CLASSIFIER. Remove large rocks with the hex-mesh classifier by sifting the coarse aggregate materials into the gold pan. It's sized perfectly to fit on top of a standard 5 gal. (20 L) bucket and the 2 handles make it comfortable to use.
- CONVERTIBLE BAG. This gold panning kit comes with a lightweight bag that will help keep all of your equipment in one place. Using the pull-strings, it converts to a backpack for easy transportation.
- CONVENIENT TOOLS. Also includes an iron-separator magnet, double-loupe magnifier, vacuum suction bottle, gold transfer pipette, micro-gold storage vials and a Getting Started Guide.
Have the Autazes agreements started producing deliveries?
The disclosed agreement terms concern future Autazes production. Brazil Potash announced on April 9, 2024, that Amazonas environmental agency IPAAM had granted the mine installation license, allowing construction to commence. A construction license is a permitting milestone; it does not establish that construction was completed, commercial production began, or deliveries started. The company’s 2025 annual report, filed in March 2026, still describes the AMAGGI marketing and Hermasa shipping arrangements as relating to future production.
Accordingly, the agreements should be read as contracted plans, not completed sales or shipments. The cited public descriptions do not establish whether the contracts were amended, terminated, or performed after the filing. Sources: Brazil Potash’s April 9, 2024 installation-license announcement and the company’s annual-report filing page.
Why AMAGGI and Hermasa?
The 2022 announcement said Brazil Potash selected AMAGGI because it uses potash in its farming operations and has a distribution and logistics network through Hermasa. That was the company’s stated rationale for the arrangement. The announcement also quoted AMAGGI shareholder Blairo Maggi describing a domestic potash source as important to food security; those statements express the parties’ views, not proof of the project’s future output or commercial performance.
Brazil Potash and AMAGGI both cited Brazil’s reliance on imported potash in company statements. Brazil Potash’s 2022 release attributed a 98% import figure to Blairo Maggi, and its 2024 release also stated that 98% of potash was imported. These are company-reported figures from those dates, not independently verified current trade statistics.
Do these 3 things before closing this tab:
1Fix the driver behind crashes, sound loss and screen glitches2Repair Windows errors before they cause bigger problems3Scan for outdated or missing drivers - takes under a minuteQuick Recap
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
