Global Wrap: Vale, Rio and more

IN Global Wrap: Vale bounces back to profit; Rio’s new iron ore mine; Tianqi backs out of deal; and fatality in Canada.

Global Wrap: Vale, Rio and more Global Wrap: Vale, Rio and more Global Wrap: Vale, Rio and more Global Wrap: Vale, Rio and more Global Wrap: Vale, Rio and more

Vale has posted full-year net income of $US3.9 billion, up from a net loss of $12.1 billion for 2015, including $2.9 billion of asset impairments.

Revenue rose by 14.7% to $29.