Vale May Lose Rio Colorado Concessions

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.