SAO PAULO/RIO DE JANEIRO (Reuters) -Vale is likely to announce extraordinary dividends in the coming months, Chief Financial Officer Marcelo Bacci said during a call with analysts on Friday, following the release of the Brazilian miner’s third-quarter results.

The prospect follows stronger-than-expected cash flow early in the year and comes as iron ore prices have consistently held up above $100 per metric ton, Bacci said.

Vale, one of the world’s largest iron ore miners, reported on Thursday an 11% year-over-year increase in net profit, beating market forecasts. Executives said the firm is on track to meet all its full-year outlooks.

Asked whether potential extraordinary dividends could be affected by a Brazilian bill seeking to impose a 10% withholding tax on dividends sent abroad, ex

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