Vale likely to cancel $5.9B potash project in Argentina, City A.M. reports

theflyonthewall.com

Vale (VALE) may cancel a $5.9B potash project in Argentina after failing to gain tax breaks from the Argentine government, City A.M. reports, citing the Folha de S. Paulo newspaper. Without tax breaks, the cost of the system could spike 86% to $11B.

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