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Vale proceeding with caution on asset sales as jump in iron ore prices drives profit

Monday, November 7, 2016 - 05:50

Rio De Janeiro

THE best iron ore rally in years is giving top producer Vale SA pause as it considers asset-sale options.

While divestitures are still the best way to reduce debt quickly, a 50 per cent jump in iron ore prices that sent earnings to the highest in two years means the

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