17 August 2012 17:17 [Source: ICIS news]
TORONTO (ICIS)--Vale is postponing a Canadian dollar (C$) $3bn ($3bn, €2.4bn) potash mine project in ?xml:namespace>
The Brazil-based mining major had been expected to make a decision on the 2.9m tonne/year potash project this year.
A spokesperson for Vale’s regional head office in
The reports cited Toronto-based Vale vice president Cory McPhee as saying that the project was being postponed because of more challenging economic times. However, Vale had not cancelled the project, McPhee said.
In related news,
Additional reporting by Brian Ford($1 = C$0.99)
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