Latin American Economy & Business - August 2013 (ISSN 1741-7430)

BRAZIL: Vale profits dip – but executives remain optimistic

Economic Review by LatinNews 10 September 2013 Modified: 11 September 2013 3189 views

Brazil’s Vale SA, the world’s third-largest mining company, said in August that its second-quarter profits had slumped by 84% year-on-year to reach US$424m, significantly below market expectations. But executives remain relatively optimistic.

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