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Vale's profits down by almost half - Q1 results

Cecilia Jamasmie | April 26, 2012 | 4:18 pm Base Metals Europe Latin America Iron Ore Nickel 

Vale, the second largest mining company, fell to the lowest in over six weeks today, after reporting its third consecutive drop in quarterly profit driven by declining iron-ore prices and output. According to Reuters, Vale’s revenues are down $3 billion...

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