Published on July 24, 2012
After the uncertainty caused by the Argentinian nationalization of YPF, the Brazilian miner Vale Do Rio Doce will take part in the Potasio Rio Colorado project (PRC) to extract potassium from Malargüe, Mendoza.
Cristina Kirchner made the announcement yesterday. In addition, during a ceremony held in the Casa Rosada, the Argentinian president signed the contract for building 350 kilometres of railway to connect Río Negro and Neuquén, and 120 kilometres of power lines over the Colorado River.
The megaproject will make the production of 4.3 million tons of potassium possible. Potassium is “one of the three essential nutrients for agriculture”, said Cristina Kirchner. The Brazilian mining company will invest 29,500 million pesos and 12.000 jobs will be ...
Published on July 10, 2012
According to Codelco, the biggest copper mining company in the world, its dispute with Anglo American over copper assets might be settled by 17th July.
Codelco’s announcement was made last Friday by its CEO Gerardo Jofré, after a ceremony held in the government palace. This ceremony was also the occasion to announce the bombing that will bury Chuquicamata, the biggest opencast copper mine in the world. The mine will start operating as an underground deposit in 2018.
More than a month ago the negotiations started in order to solve this dispute worth millions over copper properties in Chile, including the enormous mine Los Bronces. Both companies fixed 17th July as a deadline to reach an agreement.