Vale gives up on $5.9bn potash project in Argentina, by Leonardo Gottems - 0 views
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Leonardo Gottems on 04 May 12Vale announced that will suspend the potash project called Rio Colorado in Argentina. The mining giant already had invested US$ 1.1 billion and was expected to put at least US$ 5 billion more. The Brazilian company did not blame specifically the YPF nationalization for the decision, but cited "political uncertainty" as one of the factors. According to Vale, the decision was made before the nationalization.
