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Brazil's Vale 'Interested' In Continuing With Argentine Potash Project

RIO DE JANEIRO -(Dow Jones)- Brazilian mining company Vale SA (VALE, VALE5. BR ) is "interested" in continuing with its Rio Colorado potash project in Argentina, the company's chief executive officer Murilo Ferreira said Thursday. The project is "important" for Vale to achieve its fertilizers-production targets, Ferreira told reporters at an event in Rio de Janeiro. Last week, following the Argentine government's expropriation of part of an oil company, YPF SA, Ferreira said Vale was evaluating the project in view of Argentina's economic situation, where inflation has reached about 30% a year. The evaluation started before the expropriation occurred, he clarified. Vale is also continuing to study with Brazilian state-owned oil producer Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras , the possibility of developing projects of common interest to both parties, Ferreira said. The areas of affinity may include energy and logistics, Petrobras said recently. -By Diana Kinch, Dow Jones Newswires, Tel 55 21 7564 4495 diana.kinch@dowjones.com

Stock News for Companhia Vale Do Rio Doce (VALE)
DateTimeHeadline
07/06/201517:47:37ADRs End Lower; Financial Firms Decline
07/06/201510:05:24Report of Foreign Issuer (6-k)
07/03/201505:49:27China Ends Ban on 400,000-Ton Iron-Ore Freighters
06/26/201506:02:49Report of Foreign Issuer (6-k)
06/25/201517:21:51Report of Foreign Issuer (6-k)
06/20/201516:08:03Is China Going to Use the Mining Downturn to Take Over the Industry?
06/15/201517:19:58Brazilian Shares Dragged Lower by Uncertainty on Greek Debt;...
06/10/201518:13:19ADRs End Higher; 21Vianet Rises, Renren Declines
06/10/201517:24:37Brazilian Shares Rise as Vale Advances; Real Weakens Against...
06/10/201512:30:35Brazil's Vale Plans to Slash Capital Spending Next Three Years
06/10/201512:19:26Brazil's Vale Plans to Slash Capital Spending Next Three Years
06/03/201521:40:12U.S. Steelmakers Seek Punitive Tariffs on Imports
06/03/201506:03:01Report of Foreign Issuer (6-k)
06/01/201515:05:02Is This Metals Giant Loading a $2 Billion Growth Cannon?
06/01/201508:53:36Report of Foreign Issuer (6-k)
05/29/201512:09:02How Much Are You Paying for Growth at Vale SA (ADR)?
05/29/201509:30:25Brazil Economy Contracts Less Than Expected
05/23/201516:00:025 Things Vale SA ADR's Management Wants You to Know
05/22/201515:02:02These Mining Giants Are Throwing in the Towel; Are Iron Ore Prices...
05/20/201522:10:21China Cosco, China Shipping Development Sign Long-Term Shipping...

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