Bloomberg News

Brazil Former ‘Soy King’ Seeks Thallium Mine Partners, Valor

March 01, 2012

Olacyr de Moraes, once the world’s largest soybean producer and known as ’Soybean King’ in the 1980s, is in talks with three foreign business groups to form a thallium mining venture in the country, Valor Economico reported.

Moraes’s Itaoeste Servicos e Participacoes Ltd. mining business has $50 million to develop its first production project in Brazil’s northeastern state of Bahia, the Sao Paulo-based newspaper said, citing Moraes in an interview.

Thallium is a rare metallic chemical element used to make photoelectric cells and rat poisons.

To contact the reporter on this story: Rodrigo Orihuela in Rio de Janeiro at rorihuela@bloomberg.net

To contact the editor responsible for this story: Dale Crofts at dcrofts@bloomberg.net


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