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Vale slashes investment budget for third straight year to $14.8bn

Cecilia Jamasmie | December 02, 2013 | 5:53 pm Base Metals Energy Africa Europe Latin America Aluminum Coal Copper Iron Ore Potash 

Brazil mining giant Vale (NYSE: VALE) announced Monday it is cutting investments for the third year in a row, down to $14.8 billion in 2014, which is 9.2% less than last year’s budget and well below the $18 billion total from...

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