Vale: net income increased 25% in the first quarter of this year

Net news (reporter officer flat) under the vale recently announced that the company in the first quarter of this year net profit of 7.89 billion reais ($2.49 billion), compared with the same period last year growth of 25%. It is the company for the fifth consecutive quarterly profit.

  Vale, according to the increase of the profit benefit from a recovery in the prices of iron ore and yield increase. Announced on the day of the company's data also showed that the total revenue was $26.742 billion in the first quarter of the year, an increase of about 30%.

  In addition, in the first quarter of 2017, CVRD iron ore output reached 86.2 million tons, for the highest historical period, the northern system output reached a record 36 million tons. Mozambique coal production is also a record quarterly production new, 2.4 million tons.