AT A GLANCE: Vale records $1.56bln net loss in Q4 on impairment charges

Vale reported a net loss of $1.56 billion in the fourth quarter of 2019, compared with a net profit of $3.79 billion in the corresponding period a year earlier, due to impairment charges and provision expenses.

Vale’s results in the fourth quarter were affected by a $4.20 billion impairment charge relating to a revision of its New Caledonia nickel business and a revaluation of expectations of its coal business in Mozambique.

It also had an expense of $898 million during the quarter in...

Published

Felipe Peroni

February 21, 2020

18:07 GMT

São Paulo