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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"Amongst the interesting people we've gotten to know over the last while, there is one who stands out and that's former Sprott Mining Analyst Jed Richardson. He left the job with Sprott to take over the VP role at Amazon Mining and over the last year or two, he's given us some interesting stock picks.
Of note, is that when he was doing some research for Amazon, he came across Great Quest Metals, a company he helped a bit and ended up becoming a director of after he had given it as a stock pick. That stock pick has since become a four-bagger since he suggested it."
Shirish Vaidya, RB Milestone Group
(08/05/10)
"Amazon Mining shares have risen more than 55% over the last week as generally positive news in the conventional potash, nitrogen and phosphate markets have helped lift the broader fertilizer sector. Companies like Amazon offer investors unique specialty fertilizer exposure in Brazil, which imports more than 90% of the potash it uses on an annual basis.
Amazon's slow release, multi-nutrient rich deposit uniquely fits into Brazil's core fertilizer deficiency and substandard soil quality. . .Meanwhile, management continues to evaluate various marketing strategies for its ThermoPotash project. While the potential mine will serve local farming needs, other Brazil-based markets include fertilizer blenders who seek to replace portions of conventional potash used in certain N-P-K blends. In doing so, the market for Amazon's end product could as much as double beyond management's current 1-1.5mm tpy mine plan."
David Pescod's Late Edition (06/24/10)
". . .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."
Watch video of Amazon's Cerrado Verde
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