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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 [email protected]

Stock News for Petroleo Brasileiro (PBR)
DateTimeHeadline
03/08/201717:22:00ADRs End Lower; Petrobras Trades Actively
02/18/201703:02:00Ten Nations Join Brazil Graft Probe -- WSJ
02/17/201710:04:00Brazil, 10 Other Countries Coordinate Odebrecht Probes
02/09/201706:05:00Petrobras Announces Final Tender Results and Final Settlement...
01/26/201706:14:00Petrobras Announces Early Tender Results And Early Settlement...
01/24/201706:53:00Petrobras Announces Increase of Tender Cap and Extension of Early...
01/13/201709:36:00Petrobras Texas Refinery Reports FCCU Shutdown For Tune-Up
01/11/201705:20:00Braskem to Sell QuantiQ for BRL500 Million to GTM Holdings
01/09/201720:39:00Petrobras Announces The Pricing Of Global Notes And Increase...
01/09/201707:55:00Petrobras Announces Offering Of Global Notes And Commencement...
12/24/201603:02:00Petrobras Wants Part of Settlement -- WSJ
12/23/201610:56:00Brazil's Petrobras Plans to Claim Part of Odebrecht's Anticorruption...
12/22/201603:02:00Brazil Giant Settles Bribery Case -- WSJ
12/21/201619:25:00Brazil's Petrobras Expects $1.6 Billion From Total Deal in Next...
12/21/201617:59:00Brazil's Odebrecht to Pay Up to $4.5 Billion to Settle Bribery...
12/21/201617:34:00Brazil's Petrobras Says Partnership With France's Total Worth...
12/21/201614:42:00Brazil's Odebrecht, Affiliate, to Pay at Least $3.5 Billion to...
12/21/201608:31:00Odebrecht to Pay $2.6 Billion to Settle Bribery Claims
12/17/201611:23:00Brazilian Ex-President da Silva and Son Indicted Over Alleged...
12/13/201608:40:00Brazil's Big Companies Hinder Its Brazil's Big Companies Hinder...

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