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This news item might be of interest re:Vale discussion:Vale...

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    This news item might be of interest re:Vale discussion:

    Vale announced that its Board of Directors has approved the capex budget for 2009, setting it at US$14.2bn – (i) US$11.6bn in organic growth (82%); (ii) US$2.6bn in maintenance capex (18%).

    "Do as I do, not as I say" seems to be a pertinent comment to right now.
 
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