CAPITAL MARKETS

Vale has strong quarter

BRAZILIAN mining giant Vale has posted a strong financial performance for the first quarter of 2013 despite a drop in operating revenues due to lower volumes.

Hannah Vickers
Vale has strong quarter

Operating revenues fell 10.7% quarter-on-quarter to $US11.2 billion ($A10.9 billion), also down from the $11.8 billion reported in the first quarter of 2012, primarily due to the effect of lower volumes....

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