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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
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11/24/201621:00:00Saudi Arabia Backs OPEC Push to Make Steep Oil Output Cuts
11/23/201620:20:00Brazil's Petrobras Settles More Individual Shareholder Lawsuits
11/23/201618:48:00Brazil's Petrobras Settles More Individual Shareholder Suits...
11/23/201618:25:00Brazil's Petrobras Settles More Individual Shareholder Lawsuits
11/23/201605:43:00Soros Fund Acquires Shares of Brazil's Petrobras
11/21/201615:40:00Brazil Says 2017 GDP to Be Lower Than Expected
11/21/201615:36:00Brazil Finance Ministry Says 2017 GDP to Be Lower Than Expected...
11/21/201615:25:00Brazil Finance Ministry Says 2017 GDP to Be Lower Than Expected
11/10/201614:30:00Shell Plans to Continue to Invest Heavily in Brazil
11/08/201619:50:00Petrobras to Cut Gasoline and Diesel Prices
10/24/201616:05:00Petrobras, Total SA Create Alliance to Explore Energy Projects
10/24/201603:03:00Business Watch -- WSJ
10/23/201622:10:00Petrobras Settles With Pimco
10/23/201614:54:00Petrobras Settles 'Car Wash' Suits With Pimco, Others
10/21/201609:10:00Petrobras Looks to Sell Stake in Ethanol Producer
10/21/201608:48:00Brazil's Petrobras in Talks to Sell Stake in Sugar, Ethanol Producer
10/14/201609:10:00Brazil's Petrobras Announces New Retail Fuel Pricing Plan
10/13/201608:21:00Petrobras Reports Start-Up of Gasoline-Making Unit at Texas Refinery
09/02/201607:36:00Brazil Prosecutors Suspends Leniency Deal With SBM Offshore

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