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Vale’s first quarter profit lower than expected as rains hurt iron ore output

Cecilia Jamasmie | April 27, 2017 | 3:34 am Base Metals Africa Asia Australia China Europe Latin America Iron Ore Nickel Potash 

Brazil’s Vale (NYSE:VALE), the world’s No.1 iron ore miner, logged Thursday net income for the first quarter that missed estimates, reflecting the impact of heavy rains that hampered output in the so-called northern system, which groups the Carajás, Serra Leste and...

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