Iron giant Vale in no mood for more assets
Tuesday, October 19, 2010 - 16:00
in Mathematics & Economics
RIO DE JANEIRO, Oct. 19 (UPI) -- Brazilian iron giant Vale Rio Doce, the world's larger iron-ore miner, has had enough of mergers and acquisitions and plans no further asset buying, its chief executive Roger Agnelli told investors and media as iron ore prices slipped in response to slowing Chinese demand.