Vale’s 2014 investment budget decreases for third straight year

Tuesday, 03 December 2013 01:54:27 (GMT+3)   |   San Diego
       

Vale announced Monday that it plans to invest $14.8 billion next year, the third consecutive decline as the company focuses on lower-risk projects.  The $18 billion spent on investment in 2011 was a budgetary peak.

According to a company statement, the investment plans are comprised of: $9.3 billion for project execution (with around 80 percent to be spent on expanding the company’s existing iron ore production and distribution network); $4.5 billion to sustain existing operations; and $900 million for research and development.


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