Argentina eases pressure on potash project timetable but denies fiscal incentive

Wednesday, February 6th 2013 - 05:54 UTC

Full article 10 comments

Argentine authorities backed away from a recent ultimatum for Brazilian mining giant Vale to submit a new timeline for its 6 billion dollars Rio Colorado potash mine, giving the company more time to find a solution for the imperiled project. Read full article

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reality check
So the deadline for their threat has passed, Vale has not provided the information they wanted and they have withdrawn it.

Then what was the point? none, just there usual way of doing business with people. Threaten, bully and hope it works, if it doesn't ignore it and pretend it never happened.

What was the threat? removal of the mining concession wasn't it. Obviously failed to find any other company willing to take it on, that will be the truth behind this story.
Feb 06th, 2013 - 09:09 am - Link - Report abuse 0
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Anglotino
That can't be right, the workers are just on an extended holiday.

All those tax dollars gone!

All those jobs gone!

All the infrastructure gone!

Vale go next door to Paraguay or you are welcome to come invest here.

http://blogs.ft.com/beyond-brics/2013/02/04/paraguay-strikes-it-big-in-iron
That can't be right, the workers are just on an extended holiday.

All those tax dollars gone!

All those jobs gone!

All the infrastructure gone!

Vale go next door to Paraguay or you are welcome to come invest here.

http://blogs.ft.com/beyond-brics/2013/02/04/paraguay-strikes-it-big-in-iron
http://blogs.ft.com/beyond-brics/2013/02/04/paraguay-strikes-it-big-in-iron
Feb 06th, 2013 - 10:54 am - Link - Report abuse 0
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yankeeboy
There is no reason to operate in Argentina if you can't take your profits out.
Once CFK realizes that maybe and that is a big big maybe some companies will test the water again.

but my bet is they'll wait until she is gone though
Feb 06th, 2013 - 11:24 am - Link - Report abuse 0
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Welsh Wizard
@3

Yup, it is a little like going into work but then work telling you that they are keeping your money and you can only use it it buy things in the canteen and, at the same time, pressurising you to reinvest your salary by buying shares in the company...
Feb 06th, 2013 - 11:53 am - Link - Report abuse 0
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yankeeboy
I bet CFK got a phone call from Dilma telling her not to touch Brazilian assets if she knows what is good for her.
Feb 06th, 2013 - 11:58 am - Link - Report abuse 0
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row82
Please support this page - Falklands Forever British - dedicated to Falkland Islands current affairs, keeping the islands free and poking fun at the lunacy of the Argentine government and their various claims and winding up their Internet trolls - https://www.facebook.com/truthfk
Feb 06th, 2013 - 02:47 pm - Link - Report abuse 0
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Think
Redhoyt (aka Mr. Lorton)........ are you reading?

Weren't you into Potash?

Maybe this is something for you ;-)))
Feb 06th, 2013 - 06:26 pm - Link - Report abuse 0
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yankeeboy
BTW Thick the peso is on the way down...again...today
Why no posts about it?
So many yesterday,
Hmm
odd
Feb 06th, 2013 - 07:19 pm - Link - Report abuse 0
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Shed-time
Planned economies like the USSR and modern day Argentina are so hilariously dreadful that they make anyone laugh.

HOOOOHHHAHHAHHAHOOOO
Feb 06th, 2013 - 10:18 pm - Link - Report abuse 0
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yankeeboy
BTW Think Peso is at $7.81/1 U$
How come you aren't posting about that?

Only going to post when it goes down like you do with the companies exploring oil in the Falklands?

have some dignity
Feb 07th, 2013 - 06:39 pm - Link - Report abuse 0
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