Vale posts first quarterly net loss since 2002

Feb 28, 2013 | 01:30 PM | Ana Paula Camargo

Tags  Vale, Brazil, loss, write-down, impairment, CSA, Onça Puma, nickel coal

SÃO PAULO — Vale SA posted its first quarterly net loss since the third quarter of 2002 after writing down a series of assets and investments.

The Rio de Janeiro-based miner’s net loss totaled $2.65 billion in the fourth quarter of 2012, in contrast to net income of $4.67 billion in the year-earlier period, the company said Feb. 27.....

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