Amid a fall in iron ore prices this year, Vale (VALE) is expected to unveil a 2013 investment...

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

Amid a fall in iron ore prices this year, Vale (VALE) is expected to unveil a 2013 investment budget of $15.1B at its annual Vale Day meeting with shareholders tomorrow. Company executives have said recently that spending will be lower than in 2012, when the company will also miss its target of $21.4B; in the first nine months, Vale's capital expenditures were just $12.3B.