Vale posts 17% drop in Q1 net profit
In the earnings report, Vale said its results were impacted by lower iron ore prices.
Glencore CEO Ivan Glasenberg is set to stick to the commodities trader's $30 billion offer for fellow Swiss-based resource company Xstrata when it reports first-half profits of between $2 billion – $2.4 billion on Tuesday. London-listed Glencore already owns 34%...
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