Sufiy.: Argentina vote of confidence: Rio Tinto to invest $170 mln in Argentina port

Wednesday, September 17, 2008

Argentina vote of confidence: Rio Tinto to invest $170 mln in Argentina port

"BUENOS AIRES (Reuters) - Global mining giant Rio Tinto (RIO.L: Quote, Profile, Research, Stock Buzz) plans to invest $170 million to build a terminal at Argentina's southern port of Bahia Blanca to export potassium chloride (potash), government official said on Tuesday.
The new terminal to handle the compound, used mostly to make fertilizer, will serve Rio Tinto's $900 million, Rio Colorado mine, to enter construction in Mendoza province this year."

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