TSXV:AAA.P - Post by User
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STVPon Jan 12, 2012 1:13pm
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Post# 19397020
Vale Update:
Vale Update: Dated Jan 12th 2012:
https://www.trefis.com/stock/vale/articles/95674/vale-updates-ethiopia-investments-china-ties-support-34-value/2012-01-12
Exploration in Ethiopia
Vale’s investment in Ethiopia signals the strengthening trade relations between Ethiopia and Brazil. As per the company’s budget, it will invest $21.4 billion in 2012 globally, out of which close to $12 billion will be used to fund the development of new projects. The current exploration license provides an healthy potential upside to Vale’s gold mining operations.