Vale to Invest 40 Billion Reais in Serra Sul Project

(Corrects investment figure in headline and story.)

Vale SA (VALE3), the world’s largest iron- ore producer, plans to invest 40 billion reais ($19 billion) in its Serra Sul project, Chief Executive Officer Murilo Ferreira told reporters on a conference call today.

To contact the reporter on this story: Rodrigo Orihuela in Rio de Janeiro at rorihuela@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net

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