Vale Under pressure to Sell Potash Assets

The Globe and Mail reported that Brazil’s Vale (NYSE:VALE) is planning to sell its potash business as it is under pressure to sell assets due to a nearly $20-billion (U.S.) expansion of its iron ore complex in Brazil.

As quoted in the market news,

In addition to potash mines in South America, the Brazilian mining company owns a big potash development project and slew of fertilizer concessions in Saskatchewan, the world’s biggest producer of potash – a crop nutrient.

Click here for the the Globe and Mail report