Ferreira and other company execs expect the announcement soon of several, unnamed asset divestitures that could help Vale trim net debt to $15B-$17B next year.
"The key message is that we are in a much more comfortable position to be very thoughtful about... divestitures," CFO Luciano Siani says.
Cost-cutting efforts are helping to ease Vale's capital spending needs for the years ahead, as the company says it is lowering its budget for planned investments to $4.5B next year and $2.9B in 2021 from an expected $5.6B this year.
For next year, Vale expects to produce 360M-380M metric tons of iron ore, with a target of 400M-450M metric tons in 2021.
Vale also says it hopes to restart operations in mid-2017 at its Samarco joint venture with BHP Billiton, which has been shut down since a fatal tailings dam failure in November 2015.
Now read: Iron Ore Thrives On Uncertainty »