Rio de Janeiro-Vale S.A. said Aug. 26 that it signed an agreement with Ferrosur Roca S.A. (FERROSUR), a general cargo railroad operator in Argentina, for the transference of the concession of a 756-kilometer railroad stretch connecting Zapala, in the province of Neuquén, to General Cerri, in the province of Buenos Aires, Argentina. Vale said the agreement is an important step in the consolidation of the logistics solution of the Rio Colorado potash project and has yet to be approved by the national authorities in Argentina. Rio Colorado includes the development of a potash mine and power supply, railway, and port logistics infrastructure, with an initial estimated nominal capacity to produce 2.4 million mt/y of potash and the potential for a future expansion to 4.35 million mt/y. The project is still subject to the approval of Vale’s board of directors.
Transparency Across the Fertilizer Value-Chain