IHS Chemical Week

Vale denies suspension of Argentina potash project

11:00 AM MST | January 25, 2013

Vale (Rio de Janeiro) says it has not suspended its Rio Colorado potash project at Mendoza, Argentina, but that it has instead extended construction workers' end-of-year break while it evaluates changes to the economics of the project. Vale issued its clarification following reports that suggested the company had suspended work on the $6-billion potash project. The Rio Colorado project, approved in December 2011, was initially scheduled to commence production of 4.3 million m.t./year of fertilizer by mid-2014. Vale announced last August that it was postponing...

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