DESCRIPTION: Amazon Mining is a mineral exploration and development company founded by Brazilians in 2005. The company is focused on the development of Cerrado Verde project. Cerrado Verde is a source of potash-rich rock from which Amazon plans to produce a slow-release, non-chloride, multi-nutrient fertilizer product. Amazon Mining is a UK public company with shares listed on the TSX Venture Exchange since November 2007.
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". . .we went to Brazil to see first-hand what Amazon may or may not have and they've certainly got the mineral deposit, now too see if their thermal potash process works. . .and it's way, way behind schedule.
For a little company, Amazon has put together a pretty impressive team. . .I can see there has been a lot of speculation that the delays are technically related, and that is not the case. The process has been working really well. The challenge with our material is making a non-soluble potash source soluble, so plants get the nutrients and we are getting 96% solubility with the material we've processed."
Steven Gold, Clarus Securities Inc.
(05/06/10)
"We are initiating coverage on Amazon Mining Plc. with a SPECULATIVE BUY recommendation and 12-month target price of $3.00 per share.
The company's Cerrado Verdete project could bring a much-needed supply of specialty fertilizer to the supply deficient Brazilian market. Despite early stage, the company has development agreements with partners including multinational steel producer, ArcelorMittal. It has a unique slow-release, multinutrient, non-chloride product ideal for Brazilian soils; an estimated initial resource of 100mt+ with multibillion-ton potential. Recent drill programs show K2O grade of >10%, as well as other key nutrients like calcium, magnesium, phosphate and sulfur. . ."
David Pescod, Late Edition (04/22/10)
"Amazon's scoping study and other major news regarding their thermal phosphate projects and lab results in Brazil won't be out until June and that is still a long way away.
Having been down to Brazil and seeing firsthand how the economy is booming, but how the economy down there is so agrarian based, and with an industry that can harvest 3 crops a year we also know the Brazilians are more than a little ticked that the Brazilians have to import 93% of their various fertilizers. They would love to have a local source, and the cost of fertilizer is that high, and it is not just the cost of buying it in Canada or Russia it is the cost of shipping it to Brazil. And then it is no easier when it gets to the ports in Brazil.
Go down to Brazil and see how jam packed the roads are or take a peek at their meager small gage railway system and you will know finding a project that works like Amazon's might, right in the heart of an agricultural area, be a real hummer down the road."
David Pescod, Late Edition (03/09/10)
"Today Amazon announces an initial resource estimate of around 100 million tons averaging about 10% K2O. Big hairy deal! It's like. . .one look and you know whatever the reserve numbers the analysts were using, it was multiples of that! In the Amazon notification, they mention the same as in their announcement, they write, 'The Funchal Norte Target represents only a small portion of the geological potential of the Cerrado Verde project. Coffey Mining used satellite imagery technology to estimate the exploration potential inside Amazon claims of approximately 15 billion tons of glauconite mineralization.' It's enormous!
In the meantime, expect to hear more about Amazon's gold project as we get closer to summer and in the background folks, they've got a vanadium project that would rate as probably one of the best in the world. . .except Brazil is a little bit behind as far as their uranium policies. With a tight shareholding of only 30 million shares outstanding, this is an incredibly leveraged situation, should the thermal potash economics work out, as many in Brazil hope and wish for.
One thing they are definitely lacking is coverage as we are one of the very few writers or other analysts that cover this story. That's going to change shortly as tours are being put together for several analysts over the coming weeks and we are so looking forward to seeing what they write."
Rick Mills, Ahead Of The Herd (02/15/10)
"AMZ is a mineral exploration and development company founded by Brazilians in 2005. The company is focused on the development of its Cerrado Verde project. Cerrado Verde is the source of a potash-rich rock from which Amazon plans to produce a slow-release, non-chloride, multi-nutrient, fertilizer product.
One in three workers in Brazil is employed in agriculture. Brazil has the world's 10th largest GDP, 24% of which comes from agriculture—yet Brazil only produces 10% of its current potash needs. Brazilian soils are generally poor in potash. Their leading exports—sugar cane, soy beans, coffee and corn—all require potash-rich environments. The Brazilian government would love to see potash produced locally, so the Cerrado Verde project is being fast-tracked at the highest levels of government.
Brazil is a country that wants and needs potash—Amazon is definitely going to attract attention and capital."
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