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Vale Increases Hydro Stake

Mar 15, 2013

Vale has agreed to buy an additional 12.5% of a hydroelectric power plant from Suzano, it says, for BRL223m ($115m). Vale...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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