The CRVD will reduce the investment in 2013
- Share
- From
- mysteel.com
- publisher
- Diego
- Issue Time
- Dec 4,2012
The mining tycoon CRVD of Brazil will reduce the capital expenditure to 16.3 billions US Dollars in 2013, compared with 2012 year, it fall by 24%.
Because of he global economic growth slows down and the price of iron ore decline to a great extent, they have to make a new review for the expansion plan.