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Vale's profits take a hit

BRAZILIAN major Vale has reported a 16% drop in profits, which the company said was still a solid...

Kate Haycock
Vale's profits take a hit

Vale reported first quarter gross revenues of $US5.4 billion, 27.2% less than the $US7.4 billion in the fourth quarter of last year, while its earnings before interest and taxes came to $1.7 billion, 16.3%...

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