Brazil’s Vale expects to meet $10bn net debt goal by mid-2018

Reuters | January 31, 2018 | 2:05 pm Base Metals Latin America Iron Ore Nickel 

SAO PAULO (Reuters) – Brazilian miner Vale SA should meet a net debt target of $10 billion by mid-2018, Chief Executive Officer Fabio Schvartsman said on Tuesday.

Speaking at an event in São Paulo, Schvartsman also said the recent rise in nickel prices should generate an additional $750 million in cash flow.

(Reporting by Tatiana Bautzer and Luciano Costa; editing by Diane Craft)

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