Vale plans to reduce debt level to $10 bln in 2018

By Ana Paula Camargo / January 17, 2018 / www.metalbulletin.com / Article Link

Vale expects to reduce its debt level to $10 billion in 2018, investor relations director Andr?(C) Figueiredo said during a presentation for investors on Wednesday January 17 in S??o Paulo.

This compares with net debt of $21.07 billion in the third quarter of 2017.The company's fourth-quarter 2017 results have yet to be released, but its debt level should have come down to $15-16 billion by the end of the period, according...

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