Rumors were confirmed that ENCE, one of the controversial pulp mills being constructed in Fray Bentos Uruguay, on the Argentine border, will abandon its pulp mill investments at the present location. Alluding to the open conflict between Argentina and Uruguay...ENCE announced...it will not continue its venture in the border town. The local mayor of Rio Negro Uruguay, Omar Lafluf claimed that ENCE cited as its principle concerns, pressures from the Argentine population of Gualeguaychú and its fear that international banks, including the IFC would not give needed loans to the investment under current conditions and site locations.