02
Dec
00:00
Vale trims capex year-on-year for 2015, still aims to spend $10 billion
Brazil’s Vale has reduced capital expenditure for the fourth year running, the iron ore miner tells Kallanish. The overall capex pot however still exceeds $10 billion with nearly two-thirds of this sum dedicated to project development, the company says.
Vale says that its board of directors has approved the investment budget for 2015, with capital expenditures of $6.358 billion for project execution and $3.809bn dedicated to sustaining existing operati…
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Anonymous
Very good overview of the weekly steel market.
Anonymous