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28 Oct
08:19

Vale's third-quarter earnings fall on lower prices

Brazilian miner Vale saw third-quarter earnings fall, mainly reflecting the deceleration of iron ore and nickel prices, Kallanish learns from the miner’s latest report. The company confirmed progress in the de-risking of its activities with the decommissioning of five upstream dams in the year through September. With the completion of the works, the company managed to remove almost 40% of its 30 structures of this type. Investments totalled $1.23 billi…
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