Iron-ore price doubles in a year; Brazil Vale’s profits soar to 6.8bn in first

Friday, May 6th 2011 - 02:14 UTC

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Brazil’s Vale, the world’s largest iron ore producer, posted a record quarterly profit as mineral prices and sales of metals including copper and nickel surged. Net income increased to 6.83 billion USD from 1.6 billion, in the year-ago period, Vale announced Thursday in a regulatory filing. Read full article

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GeoffWard
Just time for a windfall tax before prices fall again.
:o(
May 06th, 2011 - 11:43 am - Link - Report abuse 0
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