Vale seeks partners for Potasium project in Argentina

BrightWire News | November 1, 2012 | 10:00 pm Latin America 

Mining company Vale is seeking investors for its project to extract potassium in Rio Colorado, Malargue, Argentina.

Chinese and Japanese businessmen visited the site a few days ago to evaluate possible investments.

Vale is being forced to seek partners due to declines in world potassium prices. When the exploitation of Malargue was initially studied, a ton of potassium was worth USD 900 million. Today the price has halved.

Source (Spanish): Los Andes via BrightWire News.

 

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