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Re: chmcnfunds post# 179171

Tuesday, 11/29/2011 10:55:28 AM

Tuesday, November 29, 2011 10:55:28 AM

Post# of 233161
Well if KATX was on the schedule for 2013 and all these other projects have problems then some other projects have to move up the schedule with the board..... so sooner than I thought before.....
they have 8 billion to move a projects ahead of were they were previously scheduled. I also does not hurt that the person now running Vale was from VEC

Vale said today that the start of the $8.04 billion Carajas Serra Sul mine expansion will be delayed for two years to the second half of 2016. That follows at least five other projects delayed by the company during 2011,
Some of Vale’s projects approved by its board may be delayed further because of a lack of workers and environmental permits, Chief Financial Officer Tito Martins told investors during a presentation in New York today