CORPORATE STRATEGY
Brazil's Vale, the world's top iron-ore producer, will use cash flow, which could reach $14-billion or $15-billion this year, to cut debt and pay dividends, CEO Fabio Schvartsman said on Monday.
Speaking at an event in Rio de Janeiro, Schvartsman said the miner tended to generate $14-billion or $15-billion in cash in good or normal years, adding that 2017 was normal.
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