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Sniffing economic winds, Vale cuts capex

MINING.COM Staff Writer | November 28, 2011 | 7:25 pm Europe Latin America Iron Ore 

Brazilian mining conglomerate Vale, the world's leading iron producer, reduced its spending budget by 11 percent for 2012 in the face of an uncertain outlook for the global economy and commodities prices Reuters reports. The Rio de Janeiro-based company plans...

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