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 "vale"
Mining Weekly reported that Brazilian mining giant, Vale, is seriously considering starting output from a $4-billion potash project in Brazil's north-eastern Sergipe state by 2017.
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.
Here's the story on potash according to Analyst Andrea Rubakovic: The major players are planning for long-term demand by developing brownfield projects, but they're running into hurdles. Meanwhile, juniors are having trouble financing greenfield projects. Does this mean we're in for a global supply pinch? If so, who could be positioned to profit?
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.
Reuters reported that Vale, who has been considering suspending production at its Argentinian potash project, expects to hear a response from the government for their tax break demand by February 28.
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.
Mining Weekly reported that production at Vale's potash mine in Argentina is in danger of being suspended for up to three years as the company struggles with rising costs and is lobbying the government for tax breaks