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Vale revises 2009 capex budget down from $14.235 billion to $9 billion

International Mining | May 21, 2009 | 1:29 am

Companhia Vale do Rio Doce (Vale) has approved the downward revision of its investment budget for 2009, basically reflecting the change in the average price of currencies in which its expected disbursement are denominated, revised equipment and implementation costs, delays...

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