MercoPress. South Atlantic News Agency
Argentina furious with Brazil over cancelling of 6bn potash development project
The government of President Cristina Fernandez is furious with the Brazil-based Vale mining company for suspending its 6 billion dollars potash development in Mendoza, the largest investment in Argentina in recent years. Read full article
Comments
Disclaimer & comment rulesLost the contract, gained a pope, god moves in mysterious way.
Mar 14th, 2013 - 09:17 am - Link - Report abuse 0Falklands - investment magnet
Mar 14th, 2013 - 09:38 am - Link - Report abuse 0Argentina - basket case
Why? Falklands is trustworthy because of its association with Britain. Argentina has a reputation for lying, cheating and reneging on loans, and deals with a reputation of nationalising anything worthwhile. Untrustworthy!
lol, Argentina's immediate response was that there were other countries/companies interested.......and when that didn't scare Brazil into continuing the work, time to admit there were no other interested parties, just one PISSED off party: Argentina, LOL!!!!!!!!!!!1
Mar 14th, 2013 - 09:40 am - Link - Report abuse 0Thanks Argentina for the comedy! Best source of lol's ever!
:-)))))))))
Mar 14th, 2013 - 09:51 am - Link - Report abuse 0”Furthermore, Cobos concluded “Argentina needs to offer stability and this can only be done with clear rules and respecting the agreements made.”++
Mar 14th, 2013 - 10:01 am - Link - Report abuse 0++
One agreement was to pay back the loans the government got from private people all over the world. but this criminal government gang not gave a damn about it. they shall die a wrechted death.
What a bunch of Drama-Queens... they aren't just “breaking the law”, no, they are breaking “ALL the Laws!”
Mar 14th, 2013 - 10:07 am - Link - Report abuse 0yeeeesh
Is this Argentine Government clinically incapable of just saying something plainly without all the theatrics & drama?
Lol i doubt Brazil will allow Argentina to get their way here. Go on Brazil you know your fed up with Argentina and their economic polices, time to give them a good kick up the arse and put them in their place.
Mar 14th, 2013 - 10:12 am - Link - Report abuse 0Argentina trying to change the rules mid match... Hmmm sounds like a common strategy.... This is what they do each and every time and they think no one notices.. No wonder they have no foreign investment prospects...
Mar 14th, 2013 - 10:36 am - Link - Report abuse 0Argentina, of all people, suing for breach of contract .......
Mar 14th, 2013 - 10:58 am - Link - Report abuse 0LOOK OUT!!! he is using his finger.........Be afraid!!!
Mar 14th, 2013 - 11:04 am - Link - Report abuse 0Lol, THEY DON'T TRUST YOU!
Mar 14th, 2013 - 11:06 am - Link - Report abuse 0I think this is what Vale are trying to politely say,
Mar 14th, 2013 - 11:24 am - Link - Report abuse 0http://www.youtube.com/watch?v=-0u3NM8rd1U
I haven't laughed so much since Aunt Mabel got her left tit caught in the mangle.
Mar 14th, 2013 - 11:28 am - Link - Report abuse 0I thought not too long ago that they didn't “need” Vale. I think the K's will blame who ever they need to in order to convince people that have already sold their souls for a couple of scraps.
Mar 14th, 2013 - 11:29 am - Link - Report abuse 0As for the rest of us, it's like watching a circus of dangerous tards.
Breaks “all laws” does it?
Mar 14th, 2013 - 12:17 pm - Link - Report abuse 0Have Vale been caught speeding away from a murder after kidnapping the victim who they'd forcefully injected with cocaine while throwing crisp wrappers out of the vehicle?
(6) Anbar
Mar 14th, 2013 - 12:25 pm - Link - Report abuse 0You say..:
”What a bunch of Drama-Queens... they aren't just “breaking the law”, no, they are breaking “ALL THE LAWS!”
Is this Argentine Government clinically incapable of just saying something plainly without all the theatrics & drama?”
I say…:
Yes it is.....
But you are THE perfect example of how the Murdochites have brainwashed those, once, superior trained English brains…
Mr. De Vido acused Vale of having ”Violated the Judicial security and Argentinean(National) and Mendoza’s (Provincial) laws.
(“violentado la seguridad jurídica, las leyes de la Argentina y de Mendoza”)
http://fortunaweb.com.ar/2013-03-13-118467-para-de-vido-el-retiro-de-vale-violento-leyes-argentinas/
The word “ ALL ” is NOT used... NOWHERE.
Except, of course, in MercoPress’s translation for brainwashed English Turnips..
Of which, you are a shining example….
Some times it is hard to explain what is ment with “Argentinan Political Talk”
Mar 14th, 2013 - 12:29 pm - Link - Report abuse 0Planning Minister Julio De Vido warned Vale was “violating all national and provincial laws”
This actually means that “You have upset CFK”
It in truth has nothing to do with Laws as CFK does not accept any law other than her own thoughts
(15) Idlehands & (17) MarkWhelan
Mar 14th, 2013 - 12:41 pm - Link - Report abuse 0You both say:
“Breaks “all laws” & ”Julio De Vido warned Vale was “violating all national and provincial laws”
I say...:
Two more British brainwashed Pavlovian dogs that reacts to a three letter word cunningly inserted in a text by a Murdochian journalist....:
Mr. De Vido acused Vale of having ”Violated the Judicial security and Argentinean(National) and Mendoza’s (Provincial) laws.
(“violentado la seguridad jurídica, las leyes de la Argentina y de Mendoza”)
http://fortunaweb.com.ar/2013-03-13-118467-para-de-vido-el-retiro-de-vale-violento-leyes-argentinas/
The word “ ALL ” is NOT used....... NOWHERE.
Except, of course, in MercoPress’s translation for brainwashed English Turnips..
Of which, you two are a shining examples….
PS:
Whatever happened with English intelligence and independent minds, I wonder....
I know for a fact they once existed......
Not a very warm and inviting business environment when a business from their brother Mercosur pulls out of RG land....and blames it on inflation rates over 25%. Who in their right mind will invest in Argentina now? Ecuador? Bolivia? Venezuela?
Mar 14th, 2013 - 12:50 pm - Link - Report abuse 0Christina....on top of this, you are now going to have a Pope blasting you from a world platform on how you ignore the poor.......will you take on the Pope now.....like when he was just Bishop Bergoglio? And how with that sit with RG's? Of course at the momnet you are publically kissing his ring. Let's see how long that lasts.
http://www.mineweb.com/mineweb/content/en/mineweb-mining-finance-investment-old?oid=181527&sn=Detail
It's called the DR Congo economic model.
Mar 14th, 2013 - 01:23 pm - Link - Report abuse 0@13 Derek and Clive by any chance “We had not laughed so much since Grandma died”
Mar 14th, 2013 - 01:31 pm - Link - Report abuse 0If I understand right, Brazil has a big need for potash for its agriculture. Brazil is a big place and probably has a lot of land under the plow.
Mar 14th, 2013 - 01:52 pm - Link - Report abuse 0Where can they get that potash? How will this affect the price of fertilizer in Brazil?
Maybe not anytime soon, but at least someday, I think Mendoza will be sending that potash to Brazil.
That Potash is lying there nice an cozy....
Mar 14th, 2013 - 02:06 pm - Link - Report abuse 0That Potash is not falling in price...
That Potash is going nowhere...
The Potash is currently concessioned to Vale, a private Brazilian company.
Vale tried to renegociate the terms of the concession, but failed.
If Vale breach the concession terms they will have to, in a matter of months, sell or abandon the 2 billion dollars infrastructure they already build.
Meanwhile ...
That Potash is lying there nice an cozy....
That Potash is not falling in price...
That Potash is going nowhere...
Yea, and minerals in outer space are lying there nice and cozy.......doesn't mean they'll ever be exploited, due to it being so economically unfeasible
Mar 14th, 2013 - 02:19 pm - Link - Report abuse 0“The word “ ALL ” is NOT used....... NOWHERE”
Mar 14th, 2013 - 02:21 pm - Link - Report abuse 0So you are saying that it is used somewhere....?
Funny, when Argentina breaks USA and International Laws, contracts, treaties they are a Sovereign nation and aren't entitled to any consequences.
Mar 14th, 2013 - 02:33 pm - Link - Report abuse 0See everything the Rg whiners have ever said in NYC courts.
I hope Argentina nationalizes this... I hope I hope
I have said for a long time Mercosur is a dead man walking as soon as Brazil pulls out there will be nothing left.
Wait until GM and Ford shuts down because Arg pulls out of IMF ICSID.
Everyone thinks this will never happen let me tell you right now there is better chance they'll pull out than not.
So what part of Europe of you from think?
Mar 14th, 2013 - 02:36 pm - Link - Report abuse 0Yankee Ford already put their expansion on hold. The next step will be a move out of Argentina when they can't move profits. They should just rename Mercosur Chavezur
(25) You got me there Mr. Welsh Wizard...
Mar 14th, 2013 - 02:46 pm - Link - Report abuse 0English is not my first language and I am very dissatisfied with my bad grammar.
Anyhow...
Are you not having an Welsh Pavlovian Fit against Minister De Vido and his no use of the word “All” ?
Your English compatriots are...
You better hurry....
Same old Argies can't get there own way so will shout and scream and make threats
Mar 14th, 2013 - 02:46 pm - Link - Report abuse 0My feeling is the 2001 crash was the last shot for big companies sticking it out in Argentina.
Mar 14th, 2013 - 02:46 pm - Link - Report abuse 0GM an Ford winding down will happen shortly if this bi-polar nut job and her minions don't get out of there quickly.
They can easily ramp up Brazil and Mexico in the interim to build in another more stable country. They don't need to be in Argentina for any reason.
@28
Mar 14th, 2013 - 03:01 pm - Link - Report abuse 0My second name isn't Wizard for nothing. As for your question:
Given the enormity of what is planned for saturday at, I would rather embrance an Argentinean dying of plague or a Pope with a highly suspect political past than agree with an Englishman.
As Phil Bennett said in 1977:
“Look what these bastards have done to Wales. They've taken our coal, our water, our steel. They buy our homes and live in them for a fortnight every year. What have they given us? Absolutely nothing. We've been exploited, raped, controlled and punished by the English — and that's who you are playing this afternoon”.
Englishmen, I spurn you as I would spurn a rabid dog.
(31) Good luck on Saturday 17:00 :-)
Mar 14th, 2013 - 03:17 pm - Link - Report abuse 0We have a little Welsh heart down here.... as you so well know.....
Just as well the UK has loads of Potash and keeps finding more ....
Mar 14th, 2013 - 03:19 pm - Link - Report abuse 0http://www.wardell-armstrong.com/news/potash--the-uks-hidden-natural-resource
Speak for yourself Patagonian!
Mar 14th, 2013 - 03:19 pm - Link - Report abuse 0Yankee I think most foreign manufacturers will be closing shops in Argentina this year. The writting is on the wall for those in business. Businesses are not even keeping pace with inflation in annual raises. Everyone and not just the teachers are unhappy. They are screwed when farm harvasting equipment starts breaking.....not even barley then.
Mar 14th, 2013 - 03:25 pm - Link - Report abuse 0@23 Think
Mar 14th, 2013 - 03:33 pm - Link - Report abuse 0''That Potash is going nowhere...''
You're right there. It looks like it isn't going anywhere at all.
Inward investment in a country from abroad is a vital resource for any place, even North Korea (despite what TTT thinks). If Brazil will not spend the money, who else will in the region?
@35
Mar 14th, 2013 - 03:34 pm - Link - Report abuse 0They could always vote to become a BOT, on second thoughts......
Article in Oglobo says PetroBras is pulling out too.
Mar 14th, 2013 - 03:50 pm - Link - Report abuse 0Last company out please turn off the lights
er, um, the lights will probably be out anyway nevermind
Bahahahahaa
Toby, Stupid stupid Hepatia, El Thicko... what have I been saying all this time?
The party is over, pack it up.
I hope you have been stocking up on Sugar...for those very few Rgs that post here that actually have been to Argentina in the last 3 decades that is....
8/1 today with a HUGE margin for leak rate at $8.40. The Central bank xfered U$3.5B to make up Treasury deficits SO FAR THIS YEAR! There can't be much left in that kitty.
I LOVE LOVE LOVE being right!!
Ahh basking in the glory!
Yesterday, former vice-president Julio Cobos warned that the suspension “should send alarm bells ringing” because it means that the country’s current environment is not attracting “genuine investment.”
Mar 14th, 2013 - 04:05 pm - Link - Report abuse 0Cobos, a Radical leader, explained that the causes of the situation were spiraling inflation, the double exchange rate (blue and official dollar), the lack of a logistical infrastructure and ever-changing business regulations. The suspension should serve as a wake-up call to government authorities, he said.
Furthermore, Cobos concluded “Argentina needs to offer stability and this can only be done with clear rules and respecting the agreements made.”
My money is on the mad woman blaming Britain
I'm amazed that no one has mentioned this bit ”as it is meant to be a “revolutionary and strategic” project for his province as stressed to be a “soldier of President Cristina Fernández de Kirchner.”
Mar 14th, 2013 - 05:26 pm - Link - Report abuse 0Ridicuous sycophant and probably tells you a lot about the fear she has instiled in her politicians.
Vale is playing hardball with the mafiosos in the province.
Mar 14th, 2013 - 05:33 pm - Link - Report abuse 0The project will go ahead after some deals are cut.
This is a competition to see who can steal more, the politicos o vale.
'Vale's withdrawal should send alarm bells ringing ...
Mar 14th, 2013 - 05:44 pm - Link - Report abuse 0the country’s current environment is not attracting genuine investment ...
the causes of the situation were:
* spiralling inflation,
* the double exchange rate,
* the lack of a logistical infrastructure and
* ever-changing business regulations.
A wake-up call to government.
Argentina needs to offer:
1. stability ..
2. clear rules ..and
3. the respecting of agreements made.”
All thinking people around the world hope - and some pray - that the Argentinian leadership will hear this solid guidance from a former Argentinian Vice-President.
Who in their right mind would change U$ into Pesos at the $5.09 official rate then end up spending $8.40 in-country?
Mar 14th, 2013 - 05:48 pm - Link - Report abuse 0Until this is fixed nobody will invest and everyone who can will leave.
@15 lol Meanwhile..
Mar 14th, 2013 - 05:49 pm - Link - Report abuse 0Chevron announces it WON'T do the $1B exploration deal with YPF until.Argentine courts release the $19 B from the Ecuador.case.
Dirty.
Prolly the reason they offered the B when noone else in the world did.
Stay ethical judicial system!
http://www.ibtimes.com/chevron-threatens-stop-exploration-deal-argentina-oil-company-ypf-after-its-assets-were-frozen
@16 You're hilarious. Argieland regularly breaks provincial, national and international laws. Here's some clues. Has argieland paid compensation to Repsol yet? The argie “constitution” says “Expropriation for reasons of public interest must be authorized by law and previously compensated.” How's the “Media Law” going? “Section 32.- The Federal Congress shall not enact laws restricting the freedom of the press or establishing federal jurisdiction over it.” And how's argieland's “relations” with other countries? “Section 27.- The Federal Government is under the obligation to strengthen its relationships of peace and trade with foreign powers, by means of treaties in accordance with the principles of public law laid down by this Constitution.” Could you tell us about the “laws” that stop British-flagged vessels entering argie ports? “Section 20. - Foreigners enjoy within the territory of the Nation all the civil rights of citizens; they may exercise their industry, trade and profession; own real property, buy and sell it; navigate the rivers and coasts; practice freely their religion; make wills and marry under the laws.” Should we go on to detail how argieland attempts to evade U.S. law? Argieland “chose” to issue bonds under New York law. Now it tries to use argie “law” to evade its obligations. Pitiful, criminal losers!
Mar 14th, 2013 - 06:52 pm - Link - Report abuse 0@42 Not much chance of that. CFK takes the view that argieland is her personal piggybank. Emphasis on PIG. Should one wonder how her “personal wealth” has increased from US$500,000 to at least US$114 million in such a short time? Remember how she says she was a lawyer? But no-one can find any record of her graduation! Not even a picture of the graduation ceremony. A country of crooks is being run by...a crook. And she's even robbing her own people blind. Why would she offer stability, clear rules and respect for agreements? She'd be caught out in less than a year.
Brazil may like to consider a new oil province opening up a little south from them. A business friendly, tax favourable and stable governance sounds attractive I'm sure. They'll get to deal with professionals who see projects through and earn a pretty penny directly and indirectly via support for the oil business, providing plenty of stable jobs.
Mar 14th, 2013 - 07:02 pm - Link - Report abuse 0It's just a thought.
poor argentina , poor argentine goverment
Mar 14th, 2013 - 08:13 pm - Link - Report abuse 0poor CFK,
just goes to show that you dont have as many friends as you thinks .lol.
Wow 6bn dollars, ouch
Mar 14th, 2013 - 08:38 pm - Link - Report abuse 0well he could say the following,
Mar 15th, 2013 - 12:20 am - Link - Report abuse 0the pope will favour you with a special prayer if you consider writting of Argentinas debts,
now how many countries who love the man, be willing to write of the debts..lol.
@43
Mar 15th, 2013 - 02:44 am - Link - Report abuse 0My child, I have been made aware that you recently made comments that in the USA no one ever protested or rioted over the murder of a teenager and against the police, like a case in Argentina recently.
http://news.yahoo.com/3rd-day-protests-nyc-teen-shot-police-071910370.html
It would seem you have once again broken a Commandment my child. I will now troll for you, my child.
Jesus Christ! http://m.aljazeera.com/story/201331313434142322
Mar 15th, 2013 - 05:36 am - Link - Report abuse 0Thank Gaw Mendoza has organic.
@51 0 Ayayay
Mar 15th, 2013 - 09:31 am - Link - Report abuse 0I just read your link! It's awful what is happening. The government of Argentina are putting profits ahead of the well-being of their people.
And of course, it's only the poor and native Amerindians affected, so the rest of the country continues on in a state of denial!
Absolutely awful, and absolutely criminal.
#50 toby boi......you come out like ants at a picnic , changing the topic. Will you still be a pretend Pope when Francis starts criticizing Argentina for self destruction? I think you are too young and stupid to know he hates the leadership of Argentina. Don't you feel moronic going through as many name changes and asslips kirchner has plastic surgery, or as many teens Fatsimo “Max” kirchner molestes little boi's.....are you one of them of did you excaspe?
Mar 15th, 2013 - 10:37 am - Link - Report abuse 0Where were we......oh yes.....
no drilling from Chevron.....
no mining operations from Vale....
Ford planning to cancel their expansion in Argentina
IMF auditing Argentina
G20 soon to be a distant memory
fast becoming the 4th economy in SA
budget deficits
trade deficits
true inflation at over 30%
teacher strikes
general strikes
Para military in the train stations
price controls on food
Credit cards to buy food
DFI fleeing Argentina in exponential rates
sinking peso
standstill construction
Life is good in the land of Oz.......anyone pull the curtain back on the wizard yet, better yet, has CFK taken off that scary mask yet?
poor CFK
Mar 15th, 2013 - 01:40 pm - Link - Report abuse 0to follow the new pope,
she has to be good,
but she aint,
she is bad,
so the devil might be a better person to follow.
Break contract - geez, you have a bloody nerve!
Mar 15th, 2013 - 03:22 pm - Link - Report abuse 0Argentina angry with brazil about argentina being sh!t.
Mar 15th, 2013 - 03:29 pm - Link - Report abuse 0Hmm...
Think, funny that you get so upset when someone adds a word to a statement to make it look even worse for Argentina - yet I have never noticed you correct any of the wild exaggerations made by Argentina when it alleges to have countries backing its claim over us - when in reality all they have done is agree there is a dispute and call on the sides to talk about it!
Mar 16th, 2013 - 01:04 pm - Link - Report abuse 0Double Standards anybody?
Vale officials didn't show up in a Mandatory meeting to discuss paying thier former employees.
Mar 16th, 2013 - 01:31 pm - Link - Report abuse 0Mandatory for whom one wonders?
Anyone think Brazil gov't said don't go?
It must be difficult to have someone ignore you when you are used to getting your way.
hahahahahaaaa gasp hahahahaaa
I enjoy the effects in your writing Yankee......lol.
Mar 16th, 2013 - 03:20 pm - Link - Report abuse 0January's trade surplus was at an all time low of 280 million......million with an M from a high of over a billion this past summer!!.....When will they post February's deficit? I am waiting to see those numbers.....lol
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