Vale (VALE) says it is postponing development of its $3B Kronau potash project in Canada for an...

|About: Vale S.A. (VALE)|By:, SA News Editor

Vale (VALE) says it is postponing development of its $3B Kronau potash project in Canada for an indefinite period and may delay other projects as it seeks to prioritize cost control and concentrate on projects that have the greatest potential to help it grow, such as the Serra Sul iron ore project in Brazil.