BRIEF-Vale CFO says can break even with $40/tonne iron ore in 2017

martes 1 de diciembre de 2015 13:42 GYT
 

Dec 1 (Reuters) -

* Vale CFO Luciano Siani says capital investment needed to maintain production will stabilize at about $3 billion a year

* Vale CFO says it should close plans for coal logistics joint venture in Mozambique by 1st half 2016

* Vale CFO says can break even with iron ore at $40 a tonne starting in 2017

* Vale says it will need to finance cash needs in 2016 if iron ore is at $40 a tonne in 2016 Further company coverage: (Reporting by Jeb Blount)