Brazil's Vale profits surge in quarter before dam burst

  • Thursday, March 28, 2019
  • Source:ferro-alloys.com

  • Keywords:Vale, profit
[Fellow]Brazil's Vale profits surge in quarter before dam burst

[ferro-alloys.com]Brazilian iron ore miner Vale said on Wednesday its fourth-quarter profits jumped nearly fivefold in the last full quarter before a deadly dam burst in January that has taken about a fifth of its production offline.

Vale posted fourth-quarter profit of $3.786 billion, compared with $771 million a year earlier. Revenues rose to $9.8 billion from $9.17 billion, boosted by higher iron ore prices and lower freight costs.

(Mining.com)

  • [Editor:王可]

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