Brazil's Vale does not expect to take iron ore write downs any time soon, the company's chief financial officer Luciano Siani said on a conference call to discuss fourth quarter results.
Vale said 90-million-tonne iron ore project S11D project will go ahead regardless of market scenario.
Vale said leverage could increase just before completing S11D project.
Brazil's Vale expects to double iron ore sales to India this year.
Vale expects iron ore pellet production to increase 10 to 15 percent in 2015 compared to last year.
Source Reuters
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