MENDOZA, ARGENTINA. July 28th, 2010. Argentina Mining is pleased to announce that the Brazilian mining company Vale, which develops the Potasio Río Colorado project in Malargüe, Mendoza, has confirmed its participation as Gold Sponsor for the Argentina Mining 2010 Convention, to be held in San Juan city, from August 31 till September 2, 2010.
Vale develops the Potasio Río Colorado project in Malargüe, Mendoza, Argentina. Potasio Río Colorado is an ambitious project including the development of a mine with an initial rated capacity of 2.4 Mt per year of potassium and a potential expansion of 4.35 Mt per year. Future constructions include a 350 km railway, port installations, and a power generating plant. Investment is estimated in USD 4.1 billion, with a production scheduled to start in the second half of 2013.
“It is particularly important for us to receive the support of Vale as Gold Sponsor for the Argentina Mining 2010 Convention. We welcome Vale and appreciate their effort to continue investing in Argentina”, said Paola Rojas, Manager of Argentina Mining, company which organizes the Argentina Mining 2010 Convention.
Vale is joining the 25 well known companies already confirmed as sponsors which are confident of the quality of the most important mining event in Argentina. Some of the companies that support Argentina Mining 2010 are Pan American Silver, Minera Andes, Silver Standard, Minera Santa Cruz, Anglogold, Votorantim, Extorre, Alex Stewart, Energía Mineral, MWH, SGS, Beretta Godoy, LI3 Energy, Cartellone, Proyecto San Jorge , Peregrine, Exar, Gemcom, Minera El Quevar, Bahía Atlántica, among others.
About Argentina Mining:
Argentina Mining is an Events Marketing company focused on the Argentinean mining market. Its objectives are gathering the mining community in Argentina and providing a place to promote the activity in the world, developing business opportunities for its members. The company organizes the premium international event of the Argentinean mining sector, the Argentina Mining Convention, which takes place biennially in Argentina since 1996, and the Latin Exploration Conference, among others. Additionally, it provides advisory services in public relations and marketing and develops supplementary products. For further information, please visit www.argentinamining.com
About Vale:
Vale develops the Potasio Río Colorado project in Malargüe, Mendoza, Argentina. The company’s objective is being the most outstanding mining company in the world and believes in achieving it through norms of excellence in research, development, project design and business operations. Vale is a pioneering mining company that works with passion to discover and transform resources in essential ingredients to people’s daily lives. Nowadays, Vale is the second largest mining company in the world and also has major businesses in logistics and power generation. Headquartered in Brazil and operating in 35 countries on five continents, Vale employs over 100,000 people including direct employees and contractors. For further information, please visit www.vale.com
