Brazilian miner Vale SA reported on Thursday a third-quarter net profit of $3.9 billion, significantly below analysts’ forecasts of $6.2 billion, due to lower iron ore prices and an impairment at its coal business. While Vale’s net income fell by almost half from the previous quarter, it surged 34% when compared with a year-ago period. …
The post Brazil’s Vale Q3 Profit Misses Estimates On Impairment, Lower Iron Ore Prices first appeared on Hellenic Shipping News Worldwide.
Author: Capt....