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Brazil's Vale looking to mine Asian markets besides China
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According to Mr. Murilo Ferreira, the President of Vale, the company must not limit itself to the Chinese market since other Asian markets are also showing significant growth.
Ferreira said that Vale will manage its investment to a few projects that require large amounts of capital, adding that the depreciation of Brazil's currency in the quarter ended in June 2012 will affect the company's debt and profit levels since its debt and revenue are in dollars.
News Date
7/11/2012 9:17:59 AM
reported by
Ren Jhuang
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