Vale allocates USD484 mln for pelletizing plant under its 2010 capex, start-up planned for H2 -10

摘要

ValeS.A. (Vale) announces that its Board of Directors has approved the investment budget for 2010, involving capital expenditures of USD 12.9 billionl dedicated to sustaining existing operations and to fostering growth through research and development (R&D) and project execution. The capex budget for 2010 represents an increase of 29.3 percent over the USD 10 billion invested in the last twelve-month period ended at June 30, 2009. The investment plan continues to reflect the focus on organic growth as the priority of our growth strategy: 76.6 percent of the budget is allocated to finance R&D and greenfield and brownfield project execution against an average of 71.1 percent over the last five years.