Vale, a big mining company, had a tough end to the year! They lost a lot of money, mostly because of some problems with their nickel mines in Canada. But don't worry, they have a plan.
- They lost $694 million in the last three months of the year.
- This is a big change from last year, when they made a lot of money.
- They're giving some money back to their shareholders (people who own part of the company).
- They're also reducing how much money they plan to spend this year.
| Thing | Number |
|---|---|
| Money lost | $694 million |
| Expected profit | $1.95 billion |
| Share buyback (shares) | 120 million |
Even with the losses, some experts think the company will do better because of the money given back to the shareholders.
