MercoPress. South Atlantic News Agency
President Rousseff calls on Vale to dialogue with Argentine authorities
Brazilian president Dilma Rousseff said during a joint conference with her Argentine peer Cristina Fernández at Government House in Buenos Aires that she was certain the Vale mining company “would find a way to reach an agreement with the Argentine authorities” on the suspended project. Read full article
Comments
Disclaimer & comment rulesOld dreams coming true………….
Apr 26th, 2013 - 08:11 am - Link - Report abuse 0”Think (#) Jul 22nd, 2010
Ohhh dreams.......
Imagine.............. (if elected/ reelected)
Michelle (Chile), Dilma (Brazil), Lucia (Uruguay) and Cristina (Argentina) together in 2015........
What a beautiful vision.....
What a lesson to the world.....
Yippie-ki-yay; m***her f***er.
http://en.mercopress.com/2010/07/22/former-president-bachelet-joint-inter-american-dialogue-think-tank#comment14701
“”“”“Brazilian president Dilma Rousseff said during a joint conference with her Argentine peer Cristina Fernández at Government House in Buenos Aires that she was certain the Vale mining company “would find a way to reach an agreement with the Argentine authorities” on the suspended project.”“””
Apr 26th, 2013 - 10:12 am - Link - Report abuse 0Or, in plain English
Just pay Christina the bribe she has already asked for and she'll promise not to expropriate your entire company assets within Argentina when its politically convenient to here.
-----------
Nice to see the doctors succeeded in surgically removing those socks from your hands btw Think.
Vale simply wants the real exchange rate for their U$ investment not the greatly reduced Gov't rate.
Apr 26th, 2013 - 10:28 am - Link - Report abuse 0If CFK is willing to give them 10/1 instead of 5/1 I bet they'll stay.
Psst I don't think they will stay
Please see eye opening programme about Argentina's “economic miracle”
Apr 26th, 2013 - 10:32 am - Link - Report abuse 0http://www.youtube.com/watch?v=JxATngnqgv8
A lewsson of elected dictators
Apr 26th, 2013 - 11:33 am - Link - Report abuse 0Following months of general reticence since Vale abruptly stopped work on the project in late December, company executives took advantage of a series of conference calls Thursday to clarify that they do not expect to lift the suspension announced last month.
Apr 26th, 2013 - 12:01 pm - Link - Report abuse 0“We hope, with the discussions going on this week, that Vale may leave Argentina in the most serene and peaceful way and that the Rio Colorado may be implemented, but by other partners,” Vale Chief Executive Murilo Ferreira told reporters on a call.
Mr. Ferreira also suggested there may be a limit to how much Argentine authorities can demand of the company. Since Vale shelved Rio Colorado on March 11, Argentine cabinet members and judges have threatened to revoke the company's concession, obliged it to continue paying workers and blocked it from dismantling installations located at the site.
Read more: http://www.foxbusiness.com/news/2013/04/25/brazil-vale-hopes-for-peaceful-exit-argentina/#ixzz2RZPFjon3
See the youtube video that argieland requested be removed!
Apr 26th, 2013 - 12:05 pm - Link - Report abuse 0http://www.youtube.com/watch?v=kGIfQ-GVM58
Vale are too busy dealing with sensible countries. http://vinl.valeinco.com/ProjectOverview.asp
Apr 26th, 2013 - 01:21 pm - Link - Report abuse 0Vale pulling out is a huge blow to Mendoza in particular. When I was there everyone was talking about the effects it would have in the long term.
Apr 26th, 2013 - 01:37 pm - Link - Report abuse 09. That is not possible Toby assured us mining was inconsequential to their economy. They didn't need the investment and if fact were growing exponentially as proved by a (possible) New Hard Rock and many new Havanna shops opening.
Apr 26th, 2013 - 01:43 pm - Link - Report abuse 0Elaine, you must have been in another town.
Dialogue is a noun in English, not a verb, like 'dialogar' in Spanish.
Apr 26th, 2013 - 02:10 pm - Link - Report abuse 0@10 Notice how quiet he has been since my visit to Mendoza? I don't want to stir him up again but the Mendoza he talks about is not the reality, rather an idealised version he hopes for. Good for him to think positively and whilst I like Mendoza and the area, people there are nervous. Not only about the collapsing economy but also the insecurity. CFK's policies are affecting them on so many levels. One seemingly minor but irritating example for the locals is reverting to very basic cellphones because they cannot get parts for iPhones. And in the wineries, attempts at mechanising parts of the process have reverted to manual labour because they cannot maintain or get parts for the machinery. They find ways around the problems but they really are regressing rather than progressing.
Apr 26th, 2013 - 02:34 pm - Link - Report abuse 0I was offered an opportunity to buy into a vineyard there. Most successful businesses seemed to be owned by foreigners and I met with quite a few of them. They all had options of pulling out and had businesses and homes in other countries, so they were less at risk of losing everything. All had sympathy for the Argentines without a fall-back option.
I am not buying in Argentina but am considering another opportunity in Chile. Tis nothing to do with my work but an interesting proposition.
12. I'm am afraid the kids that are 1-10 now will not know what the new technology looks like when they get in their 20s.
Apr 26th, 2013 - 02:45 pm - Link - Report abuse 0I think Argentina is entering a dark ages like they did from 50-80s.
They may be able to see what is going on through the internet but never really know or understand how to use it or have any chance to touch it.
A decade is a long time nowadays
10 yrs ago the iphone didn't exist
This import restriction is also keeping more people than really needed employed. It is astonishing how they still do so much work by hand. When I lived in BA I saw guys using shovels SHOVELS MIND YOU to dig out a hole for a high rise!!
I used to have 5 people that worked in my house, not that I was rich it was because they were so cheap and I really needed them to; stand in lines to pay bills ( no checks or credit cards can be used) go shopping every day, go get gas for the car and lawnmower etc, wait around for phone or electricity to be repaired, all the things that are done here in minutes or seconds takes forever there. It is no wonder why they are so unproductive.
Don't buy anything in Argentina. They are just entering another currency crisis and there will plenty of opportunity in 5-10 yrs to buy stuff cheap.
Elaine
Apr 26th, 2013 - 03:03 pm - Link - Report abuse 0Buying into a Argentinian winery is not a smart move unless you are purchasing xsit for less than 25% of its real book value. (Then perhaps its worth a study.) Mendoza produces some outstanding wines and decent champagne, but their production and exporting costs are just way too high. Too many Americans and Europeans invested enormous amounts of money into beautiful wineries with boutique hotels that are mostly profitable, but will never return a profit on investment.
Chile, with lower production costs, by far is a better investment for foreign investment and we have no export taxes or currency controls as does Argentina. Yet I would still warn an investor to tread softly as there is a wine glut worldwide, and margins are very slim.
This just highlights the problems facing Brazil with gross government interference in the running of companies . Vale pulled out for perfectly good business reasons ! Now they have to reconsider due to government pressure . Some time ago the president of the company was fired because he wanted to invest outside Brazil . Now , the new one , has to invest in the worst of places - Argentina ! In the case of Petrobras the same nonsense . They could not increase local petrol prices due to political pressure . Hence they started selling overseas investments , .like the Argentine operation , to cover the deficit . In that case worse because its shares are quoted in the US market . Not surprising that the value of the same plummeted !
Apr 26th, 2013 - 03:10 pm - Link - Report abuse 0@13 and 14. As I said in my post, I am not buying into anything in Argentina. Too many reasons to list but it all comes down to a lack of trust.
Apr 26th, 2013 - 03:22 pm - Link - Report abuse 0I am considering an investment in Chile in a wine region but not a winery. It would be entirely for personal reasons.
@13 the Peronists want to keep everyone in the dark ages to keep people employed. Their reasoning is that it's more important to feed everyone than to get the latest iPhone. Labour is cheap in third-world countries, by the way. That's why we are the third-world, see?
Apr 26th, 2013 - 03:32 pm - Link - Report abuse 0http://www.foxbusiness.com/news/2013/04/24/trade-investment-seen-dominating-argentina-brazil-presidential-summit/
Apr 26th, 2013 - 03:38 pm - Link - Report abuse 0Looks like some protests are getting out of hand today.
Apr 26th, 2013 - 03:42 pm - Link - Report abuse 0Wonder when it will spread?
When the peso reaches 10/1?
http://www.reuters.com/article/2013/04/24/us-argentina-economy-idUSBRE93N11O20130424
Apr 26th, 2013 - 03:43 pm - Link - Report abuse 0@17 You could usefully research what “third world” actually means. http://en.wikipedia.org/wiki/Third_World
Apr 26th, 2013 - 04:06 pm - Link - Report abuse 0Stick with third, or even fourth, rate!
Democracy is alternance, we cant have three periods of 4 yers plus two or one periods of the husband of the same person.......that would not be democracy, but autocracy.
Apr 26th, 2013 - 04:47 pm - Link - Report abuse 0We cant change the constitution just because doesnt fit with the wishes of one person. It would be a circus, not serious, not legal.
Travelingscotsman.
Apr 26th, 2013 - 05:07 pm - Link - Report abuse 0Thanks for posting the link. It is an eye opener.
9.28/1
Apr 26th, 2013 - 05:09 pm - Link - Report abuse 0and its only 1pm
malen your Enlgish needs word (but is better than my Spanish), but I applaud your on the the content of your statement. Unforntunately there are those in power in South America that change to constitution in order to expand and consolidate power. A strong constitutional democracy does not afford one branch of government superior powers over any other brach of government without checks and balances. ANd neither legislative nor executive branch of governemnt every have any say over the judiciary. When judges become elected officials, they are no more independent minded juris prudence professionals. They now become elected officials if they wish to remain a judge. Now their decisions will always take in account the will of the people....right or wrong.
Apr 26th, 2013 - 05:15 pm - Link - Report abuse 0WHAT no mention of the Falklands WTF
Apr 26th, 2013 - 06:26 pm - Link - Report abuse 0I had real hopes for Brasil under Dilma but she seems more concerned with interfering than setting the targets and letting people manage the way to the expected outcomes.
Apr 26th, 2013 - 06:40 pm - Link - Report abuse 0Mind you Brazilian is a government employee and does not understand basic government / private sector economic realities and he works for her (probably VERY indirectly).
They are DOOMED I say, DOOMED.
Two women in the kitchen does not work,
Apr 26th, 2013 - 06:44 pm - Link - Report abuse 0one of them is a fake,
who..
Brazilian politicians interfering with free enterprise, think not.
Apr 26th, 2013 - 06:52 pm - Link - Report abuse 0One of my Rg friends said The CFK gov't is on the verge of collapse when the Ministers start jumping ship.
Apr 26th, 2013 - 08:14 pm - Link - Report abuse 04 ministers are about to jump
Rats leaving the sinking ship
Huzzah
Is it just me or is that sheila in the doorway Boudou in drag?
Apr 26th, 2013 - 10:48 pm - Link - Report abuse 0Who was the one that was arguing with us that this would never happen and it was all Clarin Lies BS??
Apr 27th, 2013 - 11:11 am - Link - Report abuse 0A company press official said the process will begin next week, involving around 400 direct employees and 6,000 indirect workers.
Vale stopped work on the $6 billion project in December and announced its suspension in March, citing cost issues.
Additional details, such as the cost of terminating contracts in Argentina, weren't immediately available, the official said.
Read more: http://www.foxbusiness.com/news/2013/04/26/brazil-vale-signs-agreement-to-lay-off-argentina-workers/#ixzz2Rf37hBpz
@22 But CFK doesn't “work” like that! When it comes to the requirements of the argie constitution, what she does is to ignore it. Take the small matter of Repsol YPF. Here's an extract from Section 17 of the argie constitution: “Expropriation for reasons of public interest must be authorized by law and previously compensated.”
Apr 27th, 2013 - 12:02 pm - Link - Report abuse 0Have you compensated Repsol yet? But notice that word “previously”. Should have paid up BEFORE stealing the company.
Why don't you read your constitution http://www.senado.gov.ar/web/interes/constitucion/english.php http://www.senado.gov.ar/web/interes/constitucion/english.php
Come back and tell us how much of it CFK breaches/ignores.
33 Conqueror
Apr 27th, 2013 - 01:38 pm - Link - Report abuse 0Well, you can see why the country is fcuked up just by reading their constitution.
I did start a detailed critque but it just ran on and on.
The sad thing of course is that the intent of the document in preserving the citizens of ARs human rights and health is very good: they just do not DO any of it.
Pathetic in the non-observance.
CFK just loves the attention
Apr 27th, 2013 - 07:34 pm - Link - Report abuse 0The limelight, the fame, the mystique
But hates-
The truth and the plastics..
.
Reality check - you're very welcome.
Apr 27th, 2013 - 11:00 pm - Link - Report abuse 0www.foxbusiness.com/news/2013/04/27/brazil-vale-agrees-to-pay-workers-as-it-exits-argentina-mine/
Apr 28th, 2013 - 06:24 am - Link - Report abuse 0“adios Argentina, basta de tu mierda, ya no te quiero mas, no me gustas tu” -Vale(and rest of Brazil too)
Again Argentina lost here and Dilma must have set her straight. The laws in Argentina typically requires a minimum payout for terminations without advance noticen that is in the range of a year. The walk away paying out 2.5. months to the workers is a deal and a half for Vale. Obviously Dilma had her say
Apr 28th, 2013 - 01:49 pm - Link - Report abuse 0Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!