BRIEF-Vale CFO says can break even with $40/tonne iron ore in 2017

Tue Dec 1, 2015 12:42pm EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

Dec 1 (Reuters) -

* Vale CFO Luciano Siani says capital investment needed to maintain production will stabilize at about $3 billion a year

* Vale CFO says it should close plans for coal logistics joint venture in Mozambique by 1st half 2016

* Vale CFO says can break even with iron ore at $40 a tonne starting in 2017

* Vale says it will need to finance cash needs in 2016 if iron ore is at $40 a tonne in 2016 Further company coverage: (Reporting by Jeb Blount)