Financial revenues totaled US$ 69 million, above the US$ 48 million figure for 1Q10. Financial expenses reached US$ 514 million, compared to US$ 465 million spent in 1Q10, impacted mainly by tax charges of US$ 56 million on the conversion into ADRs of the two series of mandatorily convertible notes due June 15, 2010, representing 1.5% and 1.3%, respectively, of the outstanding common and preferred shares on June 15, 2010.INVESTMENTS
Vale's Second Quarter Earnings And Conference Call Announcement
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