Miner Vale posts $694 million loss in fourth quarter-February 2024-www.financetom.com

Miner Vale posts $694 million loss in fourth quarter

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Miner Vale posts $694 million loss in fourth quarter

Feb 19, 2025 5:59 PM

SAO PAULO, Feb 19 (Reuters) - Brazilian miner Vale

reported on Wednesday a $694 million loss in the

fourth quarter, compared to a $2.4 billion profit a year

earlier, and far below the $1.95 billion profit expected by

analysts in a LSEG poll.

Vale, one of the world's largest iron ore producers, also

cut its planned spending for this year and announced fresh

dividends and a share buyback.

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