Marubeni eyes Vale’s halted Rio Colorado potash project in Argentina
The Japanese firm is said to be looking to either acquire the project, or restart it as partner of Vale.
The Japanese firm is said to be looking to either acquire the project, or restart it as partner of Vale.
After over three weeks of being suspended over a chemical spill into a local river into a local river that killed about 1,000 fish.
Angry rioters attacked the nickel facility, which has been closed since early May after an estimated 100,000 litres of acid-tainted effluent polluted a nearby creek.
Vale says mines are not economically feasible under current market conditions.
Vale claims water quality at the creek is back to normal.
"One thing is for sure the price will not go below $110 on a sustainable basis," thanks to high cost Chinese producers and pick-up in European demand.
Analysts say it could be the single biggest litigation in mining history.
The world’s biggest iron ore miner says it's “actively considering its legal rights and options.”
Brazil's second highest court has ruled in favour of iron ore giant Vale in a $10 billion decade-long dispute over taxation of foreign subsidiaries.
The West African nation is ready to withdraw the mining permits held by VBG, a company run by BSGR and Vale.