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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
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...
07/05/201618:34:00ADRs End Down; Oil and Gold Companies Trade Actively
06/24/201607:59:00Petrobras Announces Extension Of The Expiration Date, Increase...
06/17/201603:03:00Brazil's President Denies Corruption As Minister Quits -- WSJ
06/16/201620:19:00Brazil President Michel Temer Says Graft Claims Are 'Lies'
06/16/201619:34:00Brazil President Michel Temer Says Graft Claims Are 'Lies'
06/16/201603:03:00Graft Plea Hits Brazil Leader -- WSJ
06/15/201616:56:00Brazil's Interim President Michel Temer Linked to Corruption...
06/15/201608:00:00Petrobras Announces Extension of the Expiration Date of Offer...
06/09/201616:19:00Wife of Suspended Brazilian Lower-House Speaker Eduardo Cunha...
06/08/201618:22:00ADRs End Mostly Higher; Bradesco, Petrobras Rise
06/08/201607:40:00Brazil's Vale Raises $1.25 Billion from Overseas Bond Issue
06/02/201618:19:00ADRs End Mostly Higher; Petrobras Rises
06/01/201608:51:00Petrobras Announces Early Tender Results And Early Settlement...

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