<a href=Vale” class=”halfleft” src=”https://www.mining-technology.com/wp-content/uploads/image-digitalinsightresearch/Archive/nri/mining/news/Dec%2015/Vale.jpg” />

Brazilian mining firm Vale has predicted that its capital expenditures will fall from the $8.2bn in 2015 to $4.2bn by 2020.

At an investor meeting in New York, the company presented its outlook and said it also plans to increase the necessary adjustments in a bid to cut costs and expenses and maintain the operating discipline.

It will also simplify its corporate structure amid an unfavorable demand and supply outlook and additional volatility in commodity prices. It will complete divestments and partnerships in 2016.

"Vale said it is confident that it will generate positive cash-flow by 2017 without considering any proceeds from additional sales."

Vale said it is confident that it will generate positive cash-flow by 2017 without considering any proceeds from additional sales.

By 2018, the company’s production volumes are set to increase by 30% for iron ore, 10% for nickel and copper.

For 2016, Vale announced $6.2bn capex including $3.2bn investment in project execution and $3bn related to sustaining capital and replacement project.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In November 2015, Vale announced the closure of its nickel smelting and refining operations in Manitoba, Canada, in 2018.

Vale mining and milling in Thompson director Mark Scott said that the closure will take place after completing relevant works so that the company can ship nickel concentrate from its mill, Reuters reported.

Image: At an investor meeting in New York, Vale said it will complete its investment cycle by 2018. Photo: courtesy of Vale.