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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