It’s reported that the Brazilian mining giant Vale announced that its sales revenues totaled US$1.128 billion in the second quarter of this year, up by 0.7% from a quarter ago but falling by 11.4% year on year.
Moreover, the mining giant’s net profits slumped by 84% to 424 million in the second quarter due to debenture and deficit of foreign exchange. Also, this is the worst number over the past 10 years.
In the given period of time, Vale’s iron ore output totaled 73.20 million tons, increasing by 8.4% from a quarter ago but falling by 9.1% year on year.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=65769&division=A6
