Brazil’s Vale needs $26-$28 bln to complete projects

NEW YORK, Oct 18 (BestGrowthStock) – The chief executive of
Brazilian mining giant Vale (VALE.N: )(VALE5.SA: ), said on Monday
that the company needs $26 billion to $28 billion to complete
existing projects over the next two years.

When asked at a press conference in New York about the 2011
budget he said it will not be released for two weeks, but
continued: “I can say we will need $26 billion to $28 billion
over the next two years to finish projects already started.”
(Reporting by Steve James; Writing and editing by Alden
Bentley)

Brazil’s Vale needs $26-$28 bln to complete projects