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Chemical Week Magazine :: Business & Finance :: United States/Americas
Vale extends deadline on tax-break request for potash project
7:10 AM MST | February 15, 2013 | â€”Francinia Protti-Alvarez
Vale (Rio de Janeiro) could extend, beyond 28 February, a deadline given to the Argentinian government requesting a $2-billion tax break during the development phase of the companyâ€™s Rio Colorado potash project, according to a report in the La Nueva Provincia news service. Valeâ€™s request was denied earlier this month by the Mendoza, Argentina, provincial government, according to the Buenos Aires Herald newspaper. Various alternatives to aid the lowering of the projectâ€™s costs, such as â€śimproving existing railways and building 250 kilometers more,â€ť...
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