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Vale signs agreement to exit Argentina potash project

5:19 AM MDT | May 3, 2013 | —Francinia Protti-Alvarez

Vale (Rio de Janeiro) signed an agreement on 26 April with the Argentinean government and trade unions allowing the company to quit the Rio Colorado potash project in the province of Mendoza, Argentina, Vale says. The agreement puts an end to months of discord with the Argentinean authorities. The Argentinean government launched a negotiation process on 22 April in an effort to limit the social impact the cessation of the project would have on the site’s workers, as previously reported by CW. Vale, under the terms of the agreement reached with the Uocra (Buenos...

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