GREY:MAAFF - Post by User
Post by
Redpillon Oct 05, 2010 12:30pm
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Vale plans to invest $25B, $12B with fertilizers
Vale plans to invest $25B, $12B with fertilizershere am I dreaming about Vale again...
After the spin-off news of the fertilizer business, there are rumors that Vale is planning to invest up to $25B next year, with a confirmed value of $12B with fertilizers on next few years. This, along with EDC's decision released yesterday to finance Vale with up to $1B in projects which would benefit Canada, makes them a better friends of us.
I hope Mag is actively in talks with them, since we are very attractive to Brazilian market due to:
- Geography;
- cost;
- being a project in Africa.
https://translate.google.ca/translate?hl=en&sl=pt&tl=en&u=http%3A%2F%2Feconomia.uol.com.br%2Fultimas-noticias%2Freuters%2F2010%2F10%2F05%2Fvale-planeja-investimentos-de-ate-us-25-bilhoes-para-2011-diz-jornal.jhtm