Vale’s planned 2013 capex down from this year’s levels

Dec 03, 2012 | 11:28 AM | Juan Weik

Tags  Vale, iron ore, steel, nickel, coal, Juan Weik

SÃO PAULO — Vale SA’s board has approved total capital expenditures of $16.3 billion for 2013, down from the $21.4 billion planned for 2012.

The reduction is part of a "stricter discipline in capital allocation and a stronger focus on maximizing efficiency and minimizing costs," the diversified miner said Monday.....





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