CVRD - or Vale as it has been rebranded - has announced a US$ 11B investment plan for 2008, almost 50% up on the US$7.5B being invested in 2007. This is the largest annual investment ever undertaken by the mining company anywhere in the world. Over the next five years, the company has earmarked US$59B for investment. This will be used to grow the business organically, rather than make acquisitions.
展开▼
