Profits, production up: Vale

THE world’s biggest iron ore producer, Vale, has overcome falling commodity prices and rising costs to boost second quarter earnings by more than 22%. Meanwhile iron ore production increased by almost 5%.

Profits, production up: Vale Profits, production up: Vale Profits, production up: Vale Profits, production up: Vale Profits, production up: Vale

Handing down its June quarter results, Brazilian miner Vale heralded record net earnings of $US5.009 billion ($A5.56 billion), equal to $US1.02 per share.

The second quarter earnings represent a 22.

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