Vale''s profit grows 25% and 7.8 billion R$

São Paulo – the Valley mining company''s profit rose to 7.891 billion reais in the first quarter of 2017, compared with a positive result of 6.311 billion in the same period in 2016, with the help of increased production of iron ore, the company reported on Thursday.
The earnings before interest, taxes, depreciation and amortization (Ebitda) adjusted rose to 13.523 billion reais, up from 7.41 billion a year earlier.