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Vale profit drops alongside debt in March quarter

Brazil mining major Vale (BZ:VALE3) had a relatively strong March quarter financially, with revenues up and net debt and capital expenditure down.

Vale profit drops alongside debt in March quarter Vale profit drops alongside debt in March quarter Vale profit drops alongside debt in March quarter Vale profit drops alongside debt in March quarter Vale profit drops alongside debt in March quarter

Vale had a "complex" March quarter, but has emerged from it with lower debt and capex