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Vale Plans $6-Billion Potash Project for Argentina

9:57 AM MST | December 7, 2011 | Kara Sissell

The board of directors at mining giant Vale (Rio de Janeiro) has approved 2012 investments of $21.4 billion, including $1.08 billion in 2012 for the 4.3 million m.t./year Rio Colorado potash project at Mendoza, Argentina. The total capital investment for that project, slated to come onstream in second half 2014, is nearly $6 billion. The money will fund in part 440 kilometers of railway tracks, construction of a railway spur, and a maritime terminal, Vale says. Vale in the last several years has purchased the South American fertilizer assets of Bunge and...

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