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FILL: Brazil's Vale Says Could Work Together With Petrobras On Rare Earths

By Diana Kinch OF DOW JONES NEWSWIRES NOVA LIMA, BRAZIL -(Dow Jones)- Brazilian mining company Vale SA (VALE, VALE5.BR) could work together with state-controlled Petroleo Brasileiro SA (PBR, PETR4.BR) in the area of rare earths, a Vale director said Tuesday. "Petrobras uses rare earths and Vale has reserves (of rare earths)," Vale's human resources and corporate services director Vania Somavilla told reporters at an event in Minas Gerais state. Vale and Petrobras last Friday signed an accord to cooperate on projects in which both have interests, including in fertilizers raw materials, oil, gas and biodiesel. "There's various areas, we're going to put everything on the table" for discussion, Somavilla said. The companies will decide on a "common agenda", she said, adding that no specific joint decision has yet been taken by the companies, Brazil's two biggest by market value. Vale hasn't decided yet if it will sell its various oil and gas assets, she added. Vale could also cooperate with its competitors on the global mining scene, including BHP Billiton and Rio Tinto, in areas including mining sustainability and safety, Somavilla said. The mining business needs "new models", the Vale director said. "We have a chance to improve." -By Diana Kinch, Dow Jones Newswires, Tel 55 21 7564 4495 diana.kinch@dowjones.com

Stock News for Petroleo Brasileiro (PBR)
DateTimeHeadline
09/02/201607:36:00Brazil Prosecutors Suspends Leniency Deal With SBM Offshore
08/30/201607:19:00Petrobras Signs Partnership Deal With Statoil
08/29/201609:40:00Brazil's Rousseff Begins Testimony at Senate Impeachment Trial
08/25/201618:00:00S&P Cuts Rio de Janeiro State's Credit Rating
08/11/201619:40:00Brazil's Petrobras Posts Sharp Decline in Earnings
08/10/201607:40:00Brazil's BTG Pactual Profits Fall
08/02/201603:02:00Commodities Report: Aramco IPO Taps Gusher of Caution -- WSJ
07/30/201603:02:00Petrobras Sells Oil-Field Stake -- WSJ
07/29/201610:39:00Brazil's Petrobras Accelerates Asset Sales to Cut Debt -- Update
07/29/201607:39:00Brazil's Petrobras Accelerates Asset Sales to Cut Debt
07/29/201605:28:00Statoil Agrees on $2.5 Billion Deal for Brazil Oil License...
07/29/201603:30:00Statoil Agrees on $2.5 Billion Deal for Brazil Oil License
07/28/201606:29:00Aramco Buyer Beware: The Risky Track Record of Government Oil
07/21/201607:46:00Petrobras Announces Early Tender Results and Early Settlement...
07/18/201608:24:00Brazil Reaches Leniency Deal With SBM Offshore
07/13/201618:33:00ADRs End Mostly Lower; Nokia Rises
07/11/201609:39:00Petrobras Announces Tender Results And Settlement Of Tender Offer...
07/08/201607:55:00Oil & Gas Drilling & Exploration Stocks Coverage -- Petroleo...
07/07/201622:34:00Petrobras Announces The Pricing Of Reopening Of Outstanding Series...
07/07/201608:43:00Petrobras Announces Reopening of Outstanding Series of Global...

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