UPDATE 1-Vale cuts 2016 budget, expects $443 mln mine disaster costs
December 01, 2015 at 08:41 AM EST
RIO DE JANEIRO/SAO PAULO, Dec 1 (Reuters) - Brazil's Vale SA prepared investors for a difficult 2016 on Tuesday, unveiling a plan that includes about $6 billion in capital investment cuts and $443 million in expected costs to clean up a November mine disaster.
