Reuters exclusively reports Argentine potash mine to open tender for investment bank as it seeks restart - Reuters News Agency
Business & FinanceEnvironment

Reuters exclusively reports Argentine potash mine to open tender for investment bank as it seeks restart

Reuters exclusively reported that Argentine potash mine PRC will open a tender for investment banks to help find a partner to restart operations. The move comes a decade after Brazil’s Vale shelved the project when prices crashed for the crop nutrient and the firm clashed with the country’s government over tax breaks. The state-controlled entity PRC, previously Potasio Río Colorado, is looking to restart the project with a new outside investment that would likely be around $1-1.2 billion, said the company’s general manager Emilio Guiñazú.

Article Tags
Topics of Interest: Business & FinanceEnvironment
Type: Reuters Best
Sectors: Business & FinanceCommodities & Energy
Regions: South America
Countries: Argentina
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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