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Report: Vale secures extension to Argentina potash work plan, denied $2-billion tax break

9:34 AM MDT | March 12, 2013 | Francinia Protti-Alvarez

Vale (Rio de Janeiro) has requested that the Mendoza, Argentina provincial government extend, until the end of this month, a deadline for the presentation of a work plan for continuation of development of the company's Rio Colorado potash project, according to a report in the Buenos Aires Herald. The company extended the end-of-year leave for workers at the potash development site in Rio Colorado during January. The extension led to speculation that the project would be canceled. Vale has not issued any official statements recently regarding the project and...

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