NewsWhore
05-21-2009, 07:50 PM
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Vale Cuts 2009 Spending 37% as Currency, Costs Drop (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601086%26sid%3Das4Buf6z9MxQ%26refer%3Dlatin_america&cid=0&ei=BN0VSpGsJMfFsAaw6JmUBA&usg=AFQjCNHQPpLtCSJSB15ECv4WuehnQ-PW_g)
Bloomberg
“The review reflects basically the price of our cost- denominated currencies, a review of equipment and implementation costs, delays in granting of environmental licenses and simplifications and changes in some projects,” the company said. ...
More... (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601086%26sid%3Das4Buf6z9MxQ%26refer%3Dlatin_america&cid=0&ei=BN0VSpGsJMfFsAaw6JmUBA&usg=AFQjCNHQPpLtCSJSB15ECv4WuehnQ-PW_g)
Vale Cuts 2009 Spending 37% as Currency, Costs Drop (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601086%26sid%3Das4Buf6z9MxQ%26refer%3Dlatin_america&cid=0&ei=BN0VSpGsJMfFsAaw6JmUBA&usg=AFQjCNHQPpLtCSJSB15ECv4WuehnQ-PW_g)
Bloomberg
“The review reflects basically the price of our cost- denominated currencies, a review of equipment and implementation costs, delays in granting of environmental licenses and simplifications and changes in some projects,” the company said. ...
More... (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601086%26sid%3Das4Buf6z9MxQ%26refer%3Dlatin_america&cid=0&ei=BN0VSpGsJMfFsAaw6JmUBA&usg=AFQjCNHQPpLtCSJSB15ECv4WuehnQ-PW_g)