Vale suspends Río Colorado project

Mr. RSS Mar 13, 2013

  1. Mr. RSS

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    ARGENTINA: Brazilian mining company Vale announced on March 11 that it had informed the Argentinian government that it was suspending its Río Colorado project to develop potash deposits in the province of Mendoza. According to the company, 'in the current macroeconomic environment the economics of the project are not in line with Vale’s commitment to discipline in capital allocation and value creation'.The US$5

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