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Friday, May 4, 2018 - 1:06:27 PM
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Mining News Agency- According to the announcement from Companhia Vale do Rio Doce (Vale SA), the sharp declining in iron ore prices in the first quarter affected the company`s earnings.
Mining News - Its net income in the first quarter of this year has fallen by a significant 36% compared to the same period of last year, which was lower than expectation.
The company`s net income in the first quarter was around US$1.58 billion, which was less than the market consensus. Vale said that, the price of iron ore in the first quarter of this year fell by 12.4%, while costs and expenses rose by nearly 10%.
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https://www.miningnews.ir/En/News/168021
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