Miner Vale posts 53% decline in third-quarter net profit
SÃO PAULO, Oct 29 (Reuters) - Brazilian miner Vale, one of the largest iron ore producers in the world, reported on Thursday a 53% decline in its third-quarter net profit from a year earlier.
Vale posted a $1.26 billion net profit for the July-September quarter, below the $1.70 billion expected by analysts in a Visible Alpha poll.