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.