Vale's Q3 earnings up 42% on higher prices, increased sales

Vale’s earnings grew by 41.55% year-on-year in the third quarter of 2017, the Brazilian miner said on Thursday October 26.

The improvement was a result of higher prices, better premiums on its high-quality iron ore products, increased volumes on the ramp-up of the S11D project at Carajás and lower costs, it added.

The company’s adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) amounted to $4.19 billion for July-September 2017, against $2.96 billion in the corresponding quarter a year before.
...

Published

Ana Paula Camargo

October 26, 2017

15:37 GMT

São Paulo