The chief executive of Brazilian miner Vale painted a brighter picture about the company’s future on Friday, saying he has “never been so optimistic” about it as he is right now.
Adjusted earnings before interest, taxes, depreciation and amortization came in at $4.18 billion, below analysts’ estimates of $4.72 billion. Revenue came in at $10.62 billion, missing analysts’ expectations of $10.98 billion.