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Vale S.A. Message Board

  • backonblack backonblack Jun 15, 2013 2:29 PM Flag

    Brazil's government has a golden share in VALE

    "'Feeding a hungry planet Over the last 30 years, Brazil has transformed itself into a breadbasket, and it's done so in large measure by dramatically increasing farm inputs. The government is seeking to close that loop, putting pressure on the industry to triple spending on domestic fertilizer capacity over the course of the next five years.
    Why might the country want to become less reliant on imports? Beyond the usual national security arguments, there's the matter of competitiveness. Transportation of nutrients to inland farms from ports can be very expensive and time consuming. As a result, Brazil's farmers are losing out to countries like the U.S.
    To address this issue, Brazil's government wheedled miner Vale SA (ADR) (NYSE:VALE), in which it has a golden share, to invest in potash and phosphates. Vale's investment plan now calls for $8.8 billion in spending on fertilizers over the next five years"'

 
VALE
13.87-0.03(-0.22%)Apr 16 4:01 PMEDT

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