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Brazil miner Vale posts Q3 net profit of $2.9 billion

Credit: REUTERS/WASHINGTON ALVES

Brazilian miner Vale SA on Wednesday reported third quarter net profit of $2.9 billion, as the company boosted iron ore production and inventories following a deadly dam disaster in January 2019.

Oct 28 (Reuters) - Brazilian miner Vale SA VALE3.SA on Wednesday reported third quarter net profit of $2.9 billion, as the company boosted iron ore production and inventories following a deadly dam disaster in January 2019.

The result, which compared with a net profit of $995 million in the year-ago period, fell short of a Refinitiv estimate of $3.6 billion.

(Reporting by Sabrina Valle; Editing by Christian Plumb)

((Sabrina.Valle@thomsonreuters.com;))

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