Diversified mining giant Companhia Vale do Rio Doce (Vale) has reaffirmed its commitment to its investment programme, despite the global recession. "What we seek first is to preserve the scope of our investment programme - this is the basic objective," Vale CFO Fabio Barbosa emphasised at a press conference in Rio de Janeiro late last month. "We seek to achieve this at the lowest possible cost. We are working to lessen the costs of the investments we intend to make. Less cost, not scope, not scale of investment, not projects. This is our idea, this is our objective. We are seeking to reduce the cost of implementing the same investment programme." Few mining companies have ridden the global commodities boom of recent years as well as Vale, which has risen from being the world's sixth-largest mining company in 2001 to being the second-largest today. And few are as well positioned to not only ride out, but take advantage of, the current global economic storm, which has brought affliction on so many other miners. In its report on its financial and operational performance for 2008, Vale noted that the global industrial slump which appeared in the last quarter of that year meant that "as providers of raw materials for manufacturing and construction activities, mining companies have been facing unprecedented weak demand conditions".
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机译：尽管全球经济不景气，多元化的矿业巨头Companhia Vale do Rio Doce（Vale）仍重申其对投资计划的承诺。淡水河谷首席财务官法比奥·巴博萨（Fabio Barbosa）在上月底的新闻发布会上强调说：“我们首先寻求的是保留我们投资计划的范围-这是基本目标。” “我们力求以尽可能低的成本实现这一目标。我们正在努力减少我们打算进行的投资的成本。减少成本，而不是范围，而不是投资规模，而不是项目。这是我们的想法，这是我们的目标。我们正在寻求降低实施同一投资计划的成本。”近年来，很少有矿业公司和淡水河谷摆脱过全球大宗商品热潮。淡水河谷已从2001年的世界第六大矿业公司上升到今天的第二大矿业公司。很少有人能够不仅能够度过难关，而且还能利用当前的全球经济风暴，这场风暴给许多其他矿工带来了痛苦。淡水河谷在其2008年财务和运营业绩报告中指出，当年最后一个季度出现的全球工业萧条意味着，“作为制造和建筑活动原材料的提供者，矿业公司一直面临前所未有的疲软需求。条件”。
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