Yara to explore expansion in Brazil

 | Source: Yara International ASA Yara International ASA

The Anitapolis phosphate reserve is the only major, known reserve in Brazil not yet utilized. The ownership in the Anitapolis mine was part of the transaction when Yara acquired Adubos Trevo in 2000.
 
Brazil has ample available land well suited for agricultural development, is the worlds 4th largest consumer of fertilizers, and is expected to further strengthen its position going forward as an exporter of agricultural products such as soybeans, coffee, sugar and citrus. Yara is through Adubos Trevo well positioned to take part in the continued growth within the Brazilian fertilizer market. A development of the Anitapolis mine will support the growth of Yara's Downstream business segment. A decision and possible construction start for Anitapolis is expected during first half of 2006 with possible production start by 2009.
 
 
 
Egil Hogna, Investor Relations
Telephone  (+47) 24 15 71 66
Cellular (+47) 90 187 865
E-mail egil.hogna@yara.com
 
Arne Cartridge, Media Relations
Telephone (+47) 24 15 73 01
Cellular (+47) 47 900 900
E-mail arne.cartridge@yara.com
 
 
Yara International ASA is the world's leading supplier of mineral fertilizers with particular strength in nitrogen-based fertilizers. Yara has a local presence in 50 countries worldwide. Yara sells more than 20 million tonnes of mineral fertilizers in more than 120 countries. Yara offers fertilizers meeting the nutrient needs of local crops supported by agronomic advice to make farming more profitable and agriculture more sustainable. Yara has a strong position in industrial markets in Europe as a supplier of nitrogen-based chemicals and is the leading supplier of liquid CO2.