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BHP FMG RIO all announced cutbacks to capex last week, Now the...

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    BHP FMG RIO all announced cutbacks to capex last week, Now the 4th has joined:

    Vale reduces capex for fourth year to $10.17bn for 2015

    Brazilian miner Vale’s board has approved a total capital expenditure of $10.17 billion for 2015, down from the $13.8 billion planned for 2014.
    São Paulo 02 December 2014
 
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