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    market news

    Vale May Lose Rio Colorado Concessions

    Investing News Network
    Jan. 28, 2013 08:46AM PST
    Potash Investing

    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.

    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.

    To view the whole Mining Weekly report, click here.

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