Vale's 2018 capex estimated at $3.8 bln; debt target set at $10 bln

Brazilian miner Vale will reduce its capex for 2018 to $3.80 billion from the $4.10 billion estimated capex for 2017, it announced on Wednesday December 6.

“We are focused on a rigorous capital allocation process based on returns,” chief executive officer Fabio Schvartsman said at Vale’s annual investor day at the New York Stock Exchange (NYSE).

“Vale will generate more value for shareholders...

Published

Ana Paula Camargo

December 07, 2017

20:48 GMT

São Paulo