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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Vale SA | BOV:VALE3 | Bovespa | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.55 | -0.85% | 64.03 | 64.03 | 64.05 | 64.23 | 63.59 | 63.65 | 8,656,700 | 16:10:33 |
By Paul Kiernan
RIO DE JANEIRO--Brazilian mining giant Vale SA reported a net loss in 2014 as iron-ore prices fell by nearly half, the local currency weakened and impairment charges continued to haunt the company.
Vale, the world's largest iron-ore producer, reported a fourth-quarter loss of $1.85 billion, compared with a loss of $6.45 billion in the last three months of 2013.
Earnings before interest, taxes, depreciation and amortization, or Ebitda, tumbled by two-thirds from the fourth quarter a year earlier to $2.19 billion.
Vale's sales fell 31% on the year to $9.07 billion.
Write to Paul Kiernan at paul.kiernan@wsj.com
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