{"id":53430,"date":"2016-02-25T17:08:00","date_gmt":"2016-02-25T19:08:00","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/vale-posts-usd-12-1-billion-loss\/"},"modified":"2019-06-30T12:54:27","modified_gmt":"2019-06-30T15:54:27","slug":"vale-posts-usd-12-1-billion-loss","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/vale-posts-usd-12-1-billion-loss\/","title":{"rendered":"Vale posts USD 12.1 billion loss"},"content":{"rendered":"<p>S&atilde;o Paulo &ndash; The Brazilian mining company Vale posted a net loss of BRL 33.1 billion in quarter four, 2015, mostly as a consequence of low commodity prices. Losses denominated in US dollars stood at USD 8.5 billion, as per results released by the company this Thursday (25).<\/p>\n<p>In the whole of 2015, losses amounted to BRL 44.2 billion, or USD 12.1 billion. In 2014, the company had posted a net income of BRL 954 million, or USD 657 million. The reasons cited by the company include smaller cash flow margins, write-offs and the effects of the real&rsquo;s depreciation relative to the dollar. <\/p>\n<p>Despite the result, the company surpassed its iron ore production target in 2015 by 345.9 million tons, an all-time high. In 2015, iron ore prices plummeted 43% over 2014 to USD 55.5 a ton by the end of the year.<\/p>\n<p><strong>*Translated by Gabriel Pomerancblum<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Such was the mining company\u2019s result in 2015. In quarter four, it incurred BRL 33.1 billion in losses. The primary reason for the weak performance was iron ore prices.<\/p>\n","protected":false},"author":2316,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-53430","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"Such was the mining company\u2019s result in 2015. In quarter four, it incurred BRL 33.1 billion in losses. The primary reason for the weak performance was iron ore prices.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/53430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=53430"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/53430\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=53430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=53430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=53430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}