Brazil’s Vale messages 15% lower in Q3 web income

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Brazil’s Vale messages 15% lower in Q3 web income


SAO PAULO/RIO DE JANEIRO (Reuters) – Brazilian miner Vale, among the many globe’s greatest iron ore producers, claimed on Thursday its third-quarter web income dropped 15% from a yr beforehand.

Vale uploaded a $2.41 billion web income for the quarter completed in September, whereas specialists surveyed by LSEG anticipated a $1.65 billion income.

(Reporting by Andre Romani in Sao Paulo and Marta Nogueira in Rio de Janeiro; Editing by Kylie Madry)



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