Vale's Q2 profits rocket

By Mark Watts
Published: Monday, 02 August 2010

Brazilian mining major back on track; kaolin and potash production recovers

Vale SA boosted potash and kaolin production in Q2 2010 as the Brazilian mining group’s profits surged nearly five-fold year on year.

Adjust earnings before interest and tax (EBIT) rose to $4.63bn., up from $976m. in the same period last year, while group...

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