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Vale Postpones $3-Billion Saskatchewan Project

5:34 AM MDT | August 31, 2012

Brazilian mining giant Vale (Rio de Janeiro) will delay a $3-billion potash project it planned for Saskatchewan, Canada, local press reports say. The 2.9 million-m.t./year project was to be part of a larger $10-billion plan for investing in Canada. However, “challenging economic times” and the need to streamline investments have caused Vale to put the project on hold. Separately, BHP Biliton says it may delay its Jansen, Saskatchewan potash expansion (p...

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