Record profits for world’s largest iron ore producer on China’s insatiable demand

Friday, February 25th 2011 - 06:20 UTC

Full article 6 comments

Brazilian mining giant and the world’s largest iron- ore producer Vale SA said its fourth-quarter profit almost quadrupled, because of surging prices for the raw material used to make steel. Read full article

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briton
all bubbles will burst in the , and only the greedy will get caught,
china will get the blame, and the ordinary people will pay the price.
just an opinion.
Feb 25th, 2011 - 12:54 pm - Link - Report abuse 0
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Forgetit87
Misery likes company, huh?
Feb 25th, 2011 - 06:20 pm - Link - Report abuse 0
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briton
Sounds very fishy to me .
Feb 25th, 2011 - 07:04 pm - Link - Report abuse 0
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Fido Dido
Briton, you really type here like a kid that is simply jealous. Must be hard for you, how the UK is sinking in it's debt and change in population. Reality is, those are places of growth, the UK, US and other European countries are broke/bust.
Feb 25th, 2011 - 08:48 pm - Link - Report abuse 0
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GeoffWard
In Brasil's interests, Vale should be the one (?) company that the nation does not sell-out to the Chinese. The temptation and the inducements will be great. Keeping it and its income as the stable base for national development to first-world status is absolutely essential.

And no, Fido, the US and the UK are by no means broken or bust. The fraction of the world's monies that flow through these two economies is *huge*. The rebalancing of the world economy further away from a debt-based system is necessary but the first world economies will largely weather their problems and retain first-world status alongside new BRICS.

My fear is that those achievinging this position may be just the RICS.
Feb 26th, 2011 - 08:09 am - Link - Report abuse 0
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briton
Well if im wrong , then you have nothing to worry about,
but if im right, woo the greedy,
fido you worry to much, the British are suffering now to benefit in the future,
if it works that’s fine.
But on the other hand, if we go down hill, you can moan at me later .
Feb 27th, 2011 - 08:14 pm - Link - Report abuse 0
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