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Vale plan paying off: bank

Bank ups Vale's rating to outperform on back of forecast cashflow

Alex Hamer
Steady gait: Vale's investment in S11D is one reason it has caught up to Rio Tinto in attractiveness

Steady gait: Vale's investment in S11D is one reason it has caught up to Rio Tinto in attractiveness

The bank's mining team has upgraded Vale to overweight (outperform) and would see a 12% improvement in its share price by the end of 2018, to US$11.70 per share, compared to Rio's 4% increase to $49/share,...

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