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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 (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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