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CVRD unveils mammoth budget

CVRD has approved the world's largest annual mining budget of $US11 billion ($A12.2 billion) for next year, leading to an increase in iron ore production to 450 million tonnes by 2012 and substantial output increases for its suite of projects.

Rebecca Lawson
CVRD unveils mammoth budget

The 2008 budget underpins a five-year investment plan of $US59 million, following on from the 2003-2007 investment strategy where an estimated $18 billion was spent. "The decision to invest on such...

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