Vale unveils another record year

ANOTHER year and another record batch of financial results for the world’s largest iron ore producer Vale thanks to global demand remaining strong for iron ore and pellets. However, fourth quarter results took a dive on the back of lower prices brought on by economic volatility.

Vale unveils another record year Vale unveils another record year Vale unveils another record year Vale unveils another record year Vale unveils another record year

The Brazilian major reported record operating revenues of $US60.39 billion ($A56.6 billion) in 2011, up 29% above 2010’s $46.5 billion result while net profit for the year was $22.

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