Posts Tagged "Vale"
Vale gives up on $5.9bn potash project in Argentina, by Leonardo Gottems
Vale announced that will suspend the potash project called Rio Colorado in Argentina. The mining giant already had invested US$ 1.1 billion and was expected to put at least US$ 5 billion more. The Brazilian company did not blame specifically the YPF nationalization for the decision, but cited “political uncertainty” as one of the factors. According to Vale, the decision was made before the nationalization…
Continue: Timizzer.com
Read MoreTimizzer Latin America Investment and Market News Weekly, by Leonardo Gottems
- Walmart loses US$ 10 billion due to bribery case
- Financing institutions from Peru, Chile, and Colombia set to create new bank
- Mexico reaches US$ 691 million trade surplus
- Vale’s profit falls 40% in the quarter
- Entel to invest nearly US$ 1 billion in Chile
- Alpek starts in the Mexican Stock Exchange
Continue: Timizzer.com
Read MoreThe richest man of Brazil: A new capitalism is flourishing in the country, by Leonardo Gottems
TIMIZZER – He is not ashamed to proclaim his goals: “I want to be the world’s richest man in 2014”. Eike Batista, the owner of US$ 30 billion and EBX Group, is an advocate of wealth creation, profits and an advertiser of Brazil’s capacity to become a global economic superpower.
Certainly, the country’s stability, abundance of natural resources, workforce and a huge number of consumers have helped him to get money. However, a big number of aspect have contributed for the phenomenon of the “X”, as he often mentions his group of companies, including, surely, his own skills.
Continue: TIMIZZER
Read More