Vale Suspends Argentinian potash project

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Vale (BOV:VALE5) Suspends Argentinian potash project

Vale (BOV:VALE5)  has announced the suspension of the Rio Colorado potash project in neighboring Argentina while it analyzes changes in the economic fundamentals of the project. Vale has an investment of $ 5.2 billion in this project.

Vale (BOV:VALE5) said towards the end of last year that Rio Colorado was just over 40% complete but that it would slow down the project during a company wide austerity review.

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