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Vale cuts spending, management salaries

Cecilia Jamasmie | April 06, 2016 | 7:40 am Base Metals Europe Latin America Iron Ore Nickel 

Brazil’s Vale (NYSE:VALE), the world’s largest iron ore and nickel producer, is once again reducing its expected capital spending for the year to $5.5 billion from the previously forecast $6.2 billion. The mining giant is also slashing allocated compensations for its...

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