Vale profits of $ 239 mm in the first quarter

Mining company Vale posted a net profit of $ 239 million in the first quarter, compared to a loss of $ 1.64 billion in the same period last year, the company said on Tuesday. The result also improved compared to the last quarter of 2019, when the company recorded a loss of $ 1.56 billion, as it was impacted by write-offs in nickel and coal assets and provisions related to the dam rupture in Brumadinho.

Source: Money Times