Brazil’s Vale to up 2010 investments to $12,9billion next year
October 20, 2009 · Posted in Mining Investment · Comment
Brazilian miner Vale said on Monday it will hike 2010 investment by 43 percent over 2009 after months of harsh criticism from President Luiz Inacio Lula da Silva for not doing enough to strengthen Brazil’s economy.
Vale, the world’s largest iron ore producer, said it would invest $12,9 billion next year, up from an expected $9 billion in 2009, Vale CE Roger Agnelli said after a meeting with Lula. Read more
