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Vale EBITDA rises as profits fall following Mariana Dam provisions

The provision increased by $1.2 billion, resulting in falling profits and rising debt

Isabeau van Halm
Operação de minério de ferro da Vale

Credit: Vale | Credits: Divulgação

Brazilian iron ore miner Vale posted a 35% increase in profit on Thursday, to $6.7 billion,  for its third quarter results, pointing to better operational performance and strong iron ore prices. Profit,...

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