Mining Weekly reported that Vale is in danger of losing concessions at the $6 billion Rio Colorado potash project in Argentina if they don’t provide a new project timeline in the next few days.
As quoted in the market report:
On Thursday, Vale, the world’s second-largest mining company, said it extended vacation for workers at the Mendoza-based site, which began on December 22, and did not have a date for work to resume.
Potash West NL (ASX:PWN,OTCPINK:PWNNY) dominates mineral tenure in Western Australia, one of the world’s largest glauconite deposits, with 12 exploration licenses and applications covering an area of more than 2,600 km2.
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