The budget enlists $10.1bn for capital expenditures involving project executions and $5.1bn allotted to sustain existing operations, besides research and development (R&D) expenditures of $1.1bn.
Commenting on expenditure budget Vale CEO Murilo Ferreira remarked that to reduce their cost structure permanently, the company has optimized capital management.
"The preservation of our current investment-grade ratings is of course one of our main permanent commitments," added Ferreire.
Vale is practicing optimization of investment with estimated capital and R&D expenditures being $17.5bn in 2012, lower than the $18bn in 2011.
The company is claims to be solving the tax litigations so as to shift their focus to their core business by freeing their resources.
