Vale (VALE +0.3%) confirms it is suspending investments in its $6B Rio Colorado potash project...


Vale (VALE +0.3%) confirms it is suspending investments in its $6B Rio Colorado potash project in Argentina, which it says is not "in line with Vale's commitment to discipline in capital allocation." The project has been plagued with cost overruns due to inflation which has raised labor and materials expenses. (earlier)

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  • BDHPlayer
    , contributor
    Comments (310) | Send Message
     
    Don't they know that there is no inflation in Argentina. The Government says so.
    11 Mar 2013, 02:28 PM Reply Like
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