11/23/2009

Vale announces USD 4.1 bln investment in Argentina

Brazilian mining company Vale has recently announced an investment of USD 4.1 billion in the exploration and production of potassium in Argentina. The figure represents the largest investment made by a Brazilian company in the country. The plan includes the construction of a facility, a railroad section with 350 kilometers and the construction of a thermal power plant. Investments begin in 2010 with USD 300 million, said Vale. With the project Argentina will become the main exporter of potassium of the region. In addition, 8.000 job positions will be created.

Publication: BIS - Business Information Systems
Provider: Business Information Systems
November 23, 2009