Saturday, October 09,
Vale SA, the world’s largest Iron ore producer, will probably announce a five-year spending plan of as much as US$100 billion to expand capacity and meet costs.
Vale, based in Rio de Janeiro, may spend about 65% of its investment budget in Brazil, said Rene Kleyweg, analyst at UBS in London. The company will focus on Iron ore, expansion in copper, fertilizers, and steel.
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