Brazil's Vale posts 78% drop in Q2 net profit

SAO PAULO, July 27 (Reuters) - Brazilian miner Vale SAposted a 78.2% year-on-year drop in itssecond-quarter net profit on Thursday, landing below analysts'forecasts.

Vale, one of the world's largest iron ore miners, posted netincome of $892 million, while analysts polled by Refinitiv hadforecast a profit of $2.21 billion.(Reporting by Peter Frontini; Editing by Isabel Woodford)