Vale (VALE) signs an agreement with the Argentine government to leave the $6B Rio Colorado...

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

Vale (VALE) signs an agreement with the Argentine government to leave the $6B Rio Colorado potash mining project where it suspended work in December, Reuters reports. Vale's existing concession at Rio Colorado reportedly would remain in place for up to four years; in the meantime, the miner is free to seek a buyer or partner for the venture.