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Vale (VALE) has almost doubled its estimated cost of its potash project in Argentina to $11B, as...

Vale (VALE) has almost doubled its estimated cost of its potash project in Argentina to $11B, as exchange rate controls amid rampant inflation caused the Rio Colorado mine to become commercially unviable, CEO Murilo Ferreira says. Argentina’s government blasted Vale's claims, but Barrick Gold (ABX), developing the Pascua-Lama mine, had to boost its cost estimate by ~70% within a matter of months.
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