Performance of Vale in Q1 2011

Reuters reported on Vale’s (NYSE:VALE) performance in first quarter 2011.

The market news is quoted as saying:

Vale has improved its operational performance in almost all products, such as iron ore, pellets, manganese, ferroalloys, coal, nickel, copper and cobalt, allowing us to continue to benefit from the benign global environment.  After excluding the impact of a non-recurring capital gain of US$ 1.5 billion, financial performance was the best ever for a first quarter.

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