Brazil and Chile are the leading potash producers in South America. Here's a look at some of the projects in those countries as well as the companies operating them.
Articles Tagged "NYSE:VALE"
The Leader Post reported that Vale (NYSE:VALE) has been hosting a series of open house meetings for the public to discuss the environmental impact of their Kronau potash mine, located near Regina.
Brazilian mining heavyweight Vale has come to an agreement with the Argentine government to drop its Rio Colorado potash project.
Project costs, labor disputes and concerns regarding "national interest" are front and center in the potash market as companies reassess opportunities.
Brazil's Vale SA (NYSE:VALE), mothballed its $5.9-billion Argentina-based Rio Colorado potash venture after suspending work at the project in January.
Bloomberg reported that Vale SA (NYSE:VALE) has been denied the $2-billion tax break that it requested from the Argentinian government after costs for its Rio Colorado potash project rose to unanticipated levels.
With potash contract prices dropping to the lowest level seen in years, the potash sector does not appear ready to rebound just yet.
Vale SA (NYSE:VALE), a Brazilian mining company, announced that it will postpone projects int he conceptual phase due to the economic climate.
MercoPress reported that Vale (NYSE:VALE) is reassessing its Brazil potash project but is confident it will overcome political obstacles.
Reuters reported that Vale (NYSE:VALE) said it is still positive about moving forward on its Rio Colorado potash project.