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26 Feb
08:35

Vale's fourth-quarter profit falls on Brumadinho expenses

Brazilian miner Vale’s financial performance deteriorated in the fourth quarter of last year, Kallanish notes. This resulted from the impact of the Brumadinho settlement for reparation and additional provisions for dam de-risking, the miner explains. Full-year performance was however up on 2019. “By establishing the global agreement of Brumadinho, improving our safety standards and partially resuming all our iron ore operations halted in 2019, we …
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