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Fri 10 Oct 2009Leading miner invests €5.7bn locally after criticism from Lula
Vale’s volte-face on investment is latest sign of government influence on key economic sectors
BRAZILIAN MINING giant Vale said this week it will boost domestic investment. The announcement follows months of public criticism from President Lula that the world’s biggest iron ore producer was not doing enough to help the country shake off the effects of the global economic crisis.
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