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Vale profit drops alongside debt in March quarter

Major's profit down 36% year-on-year

Jacqueline Holman
Vale had a "complex" March quarter, but has emerged from it with lower debt and capex

Vale had a "complex" March quarter, but has emerged from it with lower debt and capex

CEO Fabio Schvartsman said the company had "shown remarkable flexibility and performance during a very complex" March quarter, in which it had experienced lower volumes across several divisions.  "We...

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