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Friday, November 4, 2011

Phase 11 of Vale’s Moatize project due for completion in 2014


Rio de Janeiro, Brazil --- MININGREVIEW.COM --- 01 November 2011 - The second phase of Brazilian mining giant Vale’s Moatize coal project is scheduled for completion in 2014, and once completed will represent an overall investment of almost US$1.7 billion.

Confirming this in a statement here, the company said US$161 million of this amount had been assigned to the rest of this year.
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