Is Vale Falling Behind Rio Tinto and BHP Billiton?
There has already been much said about how the big three iron ore producers – Rio Tinto, BHP Billiton and Vale — flooded the market with cheap production and pressured prices. However, there is an important difference between these companies. Rio Tinto and BHP Billiton have already accomplished most of their current projects, but Vale’s major iron ore project is still in the development stage. Meanwhile, Rio Tinto and, possibly, BHP Billiton are preparing for the next round of expansions.
Read more at: http://www.fool.com/investing/general/2014/07/11/is-vale-falling-behind-rio-tinto-and-bhp-billiton.aspx
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