View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Market Data
November 30, 2011

Vale to invest $21.4bn for 2012 operations

Vale's board of directors has approved a $21.4bn investment budget for its operations in 2012.

Vale’s board of directors has approved a $21.4bn investment budget for its operations in 2012.

The firm will invest $12.9bn for project execution, $2.4bn for research and development and $6.1bn to sustain existing operations.

Currently, the firm has 20 main projects approved by the board and under construction, which comprise 75% of the investment allocated to project execution.

Under the research and development, Vale has allocated $918m for mineral exploration programmes in Americas, Australia, Asia and Africa, to develop its potash, phosphate rock, iron ore, nickel, coal and copper reserves.

The firm will also invest $591m for technological innovation, new processes and adaptation, plus $848m for conceptual prefeasibility and feasibility studies, under research and development.

The $6.1bn sustaining budget will be used to maintain production levels, improve operational efficiency, excellence in health and safety, as well as environmental protection.

Vale will expand tailing dams and residual stockpiles to maintain the production rates, along with improving maintenance management and also improving managerial efficiency by integrating information throughout the firm.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The mining industry's most comprehensive news and information delivered every month. The mining industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Mining Technology