OREANDA-NEWS. December 8, 2011. Brazilian mining company Vale SA willinvest 25.5 billion pesos (USD 6 billion) in Argentina to build theworld’s biggest potassium project, the Argentine governmentsaid.

The project was announced in an e-mail statement byArgentina’s mining secretariat after President CristinaFernandez de Kirchner met with the Chief Executive OfficerMurilo Ferreira today in Buenos Aires

Vale S.A. (BM&F Bovespa: VALE3, VALE5 / NYSE: VALE, VALEP / Euronext: VALE3, VALE5 / BMAD: XVALO, XVALP / SEHK: 6210, 6230 is an Brazilian diversified mining multinational corporation and one of the largest logistics operators in Brazil. In addition to being the second-largest mining company in the world, Vale is also the largest producer of iron ore, pellets, and second largest of nickel. Vale also produces manganese, ferroalloys, copper, bauxite, potash, kaolin, alumina and aluminium. In the electric energy sector, the company participates in consortia and currently operates nine hydroelectric plants.