Wednesday, February 27, 2013

FOXBusiness.com: Brazil's Vale Posts Net Loss on $5.66 Billion in Write-Downs

FOXBusiness.com
FOX Business Network - The Power to Prosper
Brazil's Vale Posts Net Loss on $5.66 Billion in Write-Downs
Feb 28th 2013, 00:38

Brazil's Vale SA posted $5.66 billion in impairment charges during the fourth quarter, becoming the latest multinational mining giant to see its profitability wiped out by write-downs.

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