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Vale swings to vicious financial loss

Brazil's biggest company takes a hit on coal and nickel price realism

Mining Journal
Vale is hoping its S11D project in Para, Brazil, brings down its cost base further

Vale is hoping its S11D project in Para, Brazil, brings down its cost base further

The company posted an annual loss of US$12.1 billion in 2015, compared with a profit of $657 million in 2014, after taking $9.4 billion worth of write-downs in the period. Even though the company produced...

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