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Coal impairment, tumbling iron ore hurts Vale in September quarter

Results "well below expectations" according to analysts at RBC

Tom Hoskyns
Vale's Voisey's Bay operation in Canada

Vale's Voisey's Bay operation in Canada

Net income in Q3 amounted to US$3.9 billion, down $3.7 billion versus Q2, while adjusted EBITDA came in 20% below consensus expectations at US$6.9 billion. Analysts were expecting a significant drop...

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