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

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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.

The post Reuters exclusively reports Argentine potash mine to open tender for investment bank as it seeks restart appeared first on Reuters News Agency.

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