In Home of Malbec, Eyes Turn Toward Idled $5 Billion Potash Mine
- Mendoza is in talks with fertilizer producers for Rio Colorado
- Argentine Province eyes partnership within 18 months
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Argentina’s Mendoza province is in talks with some of the world’s top producers of potash to revive a mine that requires an investment of as much as $5 billion at a time of surging fertilizer prices.
Mendoza -- better known for its exports of Malbec wine than its vast mineral wealth -- took over the Rio Colorado potash project several months ago after years of wrangling with Vale SA. The Brazilian company pulled the plug in 2013 after spending $2.2 billion to build almost half the mine.