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Brazil mining giant Vale results down in first quarter

AFP

Brazilian mining giant Vale reported a first-quarter net profit of $4.45 billion on Wednesday, down 27.4 percent from the same period last year. 

The group’s net profit in the first quarter of 2021 was $5.54 billion.

This year’s first-quarter profit was also 23 percent lower than the preceding quarter ($5.42 billion), the group said in a statement.

Vale Chairman Eduardo Bartolomeo said the context in which the company was operating represented a “challenge.”

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“We are facing heavy rains,” which have affected operations in the southeast Minas Gerais, “delays in the granting of permits in the north and underperformance in certain assets,” he said.

Vale, one of the world’s leading iron ore producers, reported first-quarter sales of $10.81 billion, down 17.6 percent from the same period in 2021. 

The decline was 22.6 percent compared to the previous three months. But Bartolomeo said the company is “on the right track to fulfill our commitments for 2022.” 

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International

Missile attack hits Kharkiv homes, leaving 13 wounded

Ukrainian President Volodymyr Zelensky said on Friday that a Russian missile attack on residential buildings in the eastern city of Kharkiv has left at least 13 people injured, according to local authorities.

“A horrific Russian attack on Kharkiv,” Zelensky wrote on Telegram, explaining that two missiles were fired, striking residential areas and causing “a number of casualties that is still being clarified.”

Local officials later confirmed that 13 people were injured in the attack, six of whom were hospitalized, including one woman in serious condition.

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International

Sheinbaum evacuates National Palace after 6.5-magnitude earthquake hits Southern Mexico

Mexican President Claudia Sheinbaum Pardo evacuated the National Palace on Friday along with journalists and federal government staff after the seismic alert was activated during her morning press conference, triggered by a 6.5-magnitude earthquake with its epicenter in the south of the country.

The alert sounded while the president was speaking from the Treasury Hall, forcing the immediate interruption of the event and the activation of established safety protocols.

“Oh, it’s shaking,” Sheinbaum said as she noticed the tremor, before urging those present to remain calm.

According to preliminary information, the earthquake struck the state of Guerrero, one of Mexico’s most seismically active regions. The National Seismological Service (SSN) reported that the quake occurred at 7:58 a.m. local time (13:58 GMT).

Sheinbaum led the orderly evacuation of the historic building, accompanied by reporters covering the briefing and federal government personnel. Images released afterward show the president waiting in the central courtyard of the National Palace as she awaited guidance from Civil Protection authorities on whether it was safe to resume activities.

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Canada’s prime minister Mark Carney to join Ukraine peace talks in Paris

Canadian Prime Minister Mark Carney announced on Friday that he will take part in peace negotiations on Ukrainescheduled to be held in Paris on January 5 and 6.

In a statement, the Canadian government said the meeting will bring together countries belonging to the so-called Coalition of the Willing, and aims to “accelerate efforts toward a negotiated peace” in the conflict between Russia and Ukraine, supported by robust security guarantees.

Carney said Canada is working closely with its allies to achieve a “just and lasting peace,” stressing that the Coalition of the Willing must both deter further aggression and reinforce security guarantees, while ensuring that Ukraine is able to rebuild, recover and lay the foundations for genuine prosperity.

The Coalition of the Willing is made up of around 30 countries, the vast majority of them European, all of which are allies of Kyiv.

On Thursday, Ukrainian President Volodymyr Zelensky confirmed that a meeting of the Coalition, alongside other European leaders, will take place in Paris on January 6, focusing on security guarantees for Ukraine in the event of a future peace agreement with Russia.

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