VALE PLANS TO REDUCE ITS DEBT IN US$ 10 BILLION SELLING ASSETS

Vale wants to reduce its big debt by US$ 10 billion selling assets, including key facilities.

The company wants to sell these assets in 18 months.

The information is from the Financial Director of the company, Luciano Siani, who assured that this initiative will be positive for all the mining sector.

The debt of Vale is US$ 25 billion.