Looking to future sources of demand growth, Vale said it expects emerging economies to continue to drive growing consumption of minerals and metals, noting that over the past 15 years, these economies have increased their share of world base metals consumption from 32% to 59%, and that over the same period China has increased its share of seaborne iron ore trade from 9.7% to 59%.
Vale Budgets $12.9 Billion for Capital Spending in 2010 Anonymous Engineering and Mining Journal; Nov 2009; 210, 9; Docstoc pg. 4 Reproduced with permission of the
Pages to are hidden for
"Vale Budgets $12.9 Billion for Capital Spending in 2010"Please download to view full document