Vale (VALE) promises to "do more with less money," its finance director declares ahead of the...

|About: Vale S.A. (VALE)|By:, SA News Editor

Vale (VALE) promises to "do more with less money," its finance director declares ahead of the formal announcement of its 2013 plans on Dec. 3. But the Brazilian miner isn't thinking of canceling any of its proposed 2013 projects even though its investment budget will be lower than in 2012. Longer term, "scenarios for iron ore demand and prices are benign."