AT A GLANCE: Vale's earnings down 26% in Q1

April 30, 2020 / www.metalbulletin.com / Article Link

A summary of Brazilian mining company Vale's financial results for the first quarter of 2020.

In brief

Pro forma adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) down by 26% year on year due to depreciation of Brazilian Real.Net income of $239 million, compared with a net loss of $1.6 billion in the first quarter of 2019. Investments totaled $1.12 billion, up by...

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