Vale (VALE +0.2%), meeting with investors, targets iron ore production of 306K tons in 2013 and...

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

Vale (VALE +0.2%), meeting with investors, targets iron ore production of 306K tons in 2013 and expects slow growth before seeing a pickup in 2014. Vale's business is less predictable now that a large part of its exports go to China and Japan, CEO Murilo Ferreira says, making it difficult to have a clear snapshot of cash availability and causing some angst among dividend investors.