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Brazil’s Vale reports quarterly net profit $3.9 billion -Breaking

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© Reuters. FILE PHOTO – The logo for the Brazilian mining firm Vale SA can be seen in Brumadinho (Brazil), January 29, 2019. REUTERS/Adriano Machado

SAO PAULO/Reuters – Brazilian miner Vale posted a net profit of $3.9 Billion for the third quarter. That is lower than analyst estimates of $6.2 Billion.

Adjusted earnings before interest taxes, depreciation and amortization (EBITDA), was $6.9 million.

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