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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
07/02/201508:50:04Brazil Federal Police Arrest Another Former Petrobras Executive
07/01/201519:30:38Former Petrobras Executive Seeking Plea Deal With Prosecutors
06/29/201519:45:34Petrobras Rules Out Issuing New Shares
06/29/201517:51:48ADRs End Lower; National Bank of Greece Drops Sharply
06/29/201511:00:08Brazil's President Seeks Investment During U.S. Visit
06/29/201510:49:47Brazil's President Seeks Investment During U.S. Visit
06/29/201509:50:07Brazil's Petrobras Slashes 5-Year Investment Budget
06/29/201504:21:16Sevan Marine Investigates as Ex-Employee Named in Corruption...
06/25/201515:59:05Pemex in Talks With Union Over Pension, Labor Reforms
06/21/201521:00:42Brazil 'Carwash' Shrugs Off Scandal
06/21/201520:40:46Brazil President's Approval Rating Hits Record Low
06/21/201520:40:46Moody's Warns on Two Brazilian Companies
06/19/201516:08:51Brazil Police: Odebrecht, Andrade Gutierrez Chief Executives...
06/19/201512:15:56Brazil Police: Odebrecht, Andrade Gutierrez Chief Executives...
06/19/201510:10:03Brazil Police: Odebrecht, Andrade Gutierrez Chief Executives...
06/16/201517:18:35Brazilian Shares Follow World Markets Higher; Real Strengthens...
06/09/201507:50:18Brazil's Embraer Raises $1 Billion Through Overseas Bond Issue
06/02/201518:02:13ADRs End Mostly Higher; Ctrip Declines
06/02/201507:50:07Petrobras Confirms $2.5 Billion Bond Sale
05/27/201508:50:06Brazil's Petrobras Unveils Details Of Debentures Issue

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