Brazil’s Vale to Invest $11 Billion in 2008 to Increase Production, an Industrial Info News Alert

Researched by Industrial Info Resources (Sugar Land, Texas) — Brazilian mining giant Vale (NYSE:RIO), formerly known as CVRD, will invest $11 billion in 2008 as part of a plan that involves $59 billion in investments in the next five years to increase the company’s production to meet market demand. The investment is Vale’s largest annual investment.

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SOURCE: Industrial Info Resources