VALE is “reevaluating” its potash project in Argentina in light of the recent YPF expropriation; the project previously run-ins with the local government, but now it’s hard to see why VALE would want to go forward under any circumstances:
[CEO Murillo] Ferreira said Vale is also "reevaluating its Rio Colorado project in Argentina over inflation fears and political risks."
The concession for the $4.6 billion Rio Colorado potash project was suspended in the middle of 2011 when the provincial government of Mendoza accused Vale of failing to comply with local labor laws.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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