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BHP Closing In On A$3.5 Billion Gabon Iron Ore Deal - Report

MELBOURNE -(Dow Jones)- BHP Billiton Ltd. (BHP) is close to striking a A$3.5 billion deal with the government of Gabon over the Belinga iron ore project, which is said to contain about 4 billion metric tons of ore, the Australian newspaper reported Wednesday without citing a source for the information. A deal would represent BHP's most significant foray into Africa's emerging iron ore sector, which has already attracted rivals Rio Tinto PLC (RIO) and Vale SA (VALE) as well as a host of junior exploration companies, the newspaper said in an article on its website. It reported that BHP has so far declined to comment. News agency Reuters in an article Friday cited Sosthene Nguema Nguema, a member of Gabonese government delegation in charge of overseeing the Belinga project, as saying a deal with BHP had been reached after the concession had been removed from China National Machinery and Equipment Import and Export Corp., as the Chinese company didn't have sufficient expertise to mine the resource. Newspaper website: http://www.theaustralian.com.au/business/mergers-acquisitions/giant-poised-to-take-35bn-african-plunge/story-fn91vdzj-1226265157070 -By Melbourne bureau; +61 3 9292 2094; djnews.sydney@dowjones.com

Stock News for Companhia Vale Do Rio Doce (VALE)
DateTimeHeadline
02/05/201611:01:51UPCOMING DEADLINE: Levi & Korsinsky, LLP Reminds Shareholders...
02/05/201606:25:25Report of Foreign Issuer (6-k)
02/04/201618:36:00February 5 Deadline Alert: Law Offices of Howard G. Smith Reminds...
02/04/201610:20:00Glencore's Credit Rating Cut to Just Above Junk
02/03/201615:33:00UPCOMING DEADLINE: Levi & Korsinsky, LLP Notifies Shareholders...
02/02/201617:55:00February 5 Deadline Alert: Glancy Prongay & Murray LLP Reminds...
02/01/201610:30:00February 5 Deadline Alert: The Law Offices of Howard G. Smith...
02/01/201609:00:00Bottini & Bottini, Inc. Files Securities Class Action Lawsuit...
02/01/201606:16:41Report of Foreign Issuer (6-k)
01/29/201613:12:00S&P Downgrades Brazil Miner Vale--Update
01/29/201613:09:00Brazil's Vale Scraps Dividend in Face of Metals Slump--Update
01/29/201612:54:00S&P Downgrades Brazil Miner Vale
01/29/201611:45:00February 5 Deadline Alert: GPM Announces the Filing of a Securities...
01/29/201606:00:00Brazil's Vale Set to Scrap Dividend
01/29/201604:50:00Brazil's Vale Scraps Dividend in Face of Metals Slump
01/28/201617:21:29Report of Foreign Issuer (6-k)
01/27/201617:02:00SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders...
01/27/201616:10:00Remains of Samarco's Collapsed Dam Unstable Because of Heavy...
01/26/201608:17:49Report of Foreign Issuer (6-k)
01/25/201620:02:00Vale Cleared to Reopen Tubarão Port

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