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Brazil’s Vale reports first loss in a decade, takes $5.7bn write-down

Cecilia Jamasmie | February 28, 2013 | 1:28 pm Energy Africa Australia Europe Latin America Coal Iron Ore Potash 

Brazilian mining giant Vale (NYSE:VALE), the world’s top iron ore producer, reported late Wednesday its first quarterly loss in a decade, becoming the latest miner to write down assets in the face of falling commodity prices. The Rio de Janeiro-based...

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