Vale ‘Very Concerned’ About $5.9 Billion Argentine Project
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Vale SA, the world’s second-largest mining company, is “very concerned” about its $5.9 billion potash project in Argentina, where the government last week seized control of oil producer YPF SA.
Vale, based in Rio de Janeiro, will present a review of its Rio Colorado potash project in the Argentine province of Mendoza to its board next month, Chief Executive Officer Murilo Ferreira said in a conference call with analysts today.