Poppinga also sees the long term outlook for copper to be good, despite copper prices recently falling to seven month lows.
Vale expects its Vale New Caledonia mining unit to become cash flow positive in 2014, Chief Financial Officer Luciano Siani said on the call. In Indonesia, where the government plans to prohibit the export of nickel ores starting in 2014,
Vale is in the process of increasing its capacity to produce metallic nickel to 80,000 tonnes a year from 70,000 tonnes a year and expects to increase that to as much as 120,000 tonnes in the coming years.
Vale said it is in compliance with the new rules and will not suffer any sanctions from the government.
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Poppinga also sees the long term outlook for copper to be good, despite copper prices recently falling to seven month lows. <span class="sent"><span class="company">Vale</span> expects its <span class="company">Vale</span> New Caledonia mining unit to become cash flow positive in 2014, Chief Financial Officer <span class="analyst">Luciano Siani</span> said on the call.</span> In Indonesia, where the government plans to prohibit the export of nickel ores starting in 2014, <span class="company">Vale</span> is in the process of increasing its capacity to produce metallic nickel to 80,000 tonnes a year from 70,000 tonnes a year and expects to increase that to as much as 120,000 tonnes in the coming years. <span class="company">Vale</span> said it is in compliance with the new rules and will not suffer any sanctions from the government.
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