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greasemonkeyshoes

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greasemonkeyshoes

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Wednesday, 10/24/2012 8:59:14 PM

Wednesday, October 24, 2012 8:59:14 PM

Post# of 7895
Vale and Cliffs Resources:Profit Slides on Lower Iron Ore Prices...

"Vale, the world's largest producer and exporter of iron ore and iron pellets, reported a third-quarter net profit of $1.67 billion, down sharply from $4.94 billion in the same quarter a year ago and below analyst forecasts for a $1.8 billion profit..."

http://www.foxbusiness.com/news/2012/10/24/brazil-miner-vale-3rd-quarter-profit-slides-on-lower-iron-ore-prices/


"Cliffs Natural Resources Inc the largest North American producer of iron ore pellets used in steelmaking, posted an 85 percent drop in profit on lower iron ore prices and higher costs..."

http://www.reuters.com/article/2012/10/24/cliffs-results-idUSL3E8LO7X120121024
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