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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 [email protected]

Stock News for Companhia Vale Do Rio Doce (VALE)
DateTimeHeadline
01/19/201706:25:47Report of Foreign Issuer (6-k)
01/19/201706:05:31Report of Foreign Issuer (6-k)
01/19/201701:53:00BHP Billiton, Vale, JV Reach Preliminary Agreement With Brazil...
01/18/201717:25:54Report of Foreign Issuer (6-k)
01/13/201716:46:48Report of Foreign Issuer (6-k)
01/09/201716:12:47Report of Foreign Issuer (6-k)
01/04/201717:11:55Report of Foreign Issuer (6-k)
01/03/201717:23:38Report of Foreign Issuer (6-k)
12/20/201617:07:25Report of Foreign Issuer (6-k)
12/20/201603:02:00Israel Arrests Diamond Magnate -- WSJ
12/19/201618:40:00Diamond Magnate Beny Steinmetz Arrested in Guinea Case -- 2nd...
12/19/201614:52:00Mosaic to Buy Vale's Fertilizer Business for $2.5 Billion...
12/19/201607:55:00Mosaic to Buy Vale's Fertilizer Business for $2.5 Billion...
12/19/201607:05:42Report of Foreign Issuer (6-k)
12/19/201607:00:00Mosaic to Buy Vale's Fertilizer Business for $2.5 Billion
12/19/201605:59:00A Geographic Shift in Brazil Mining Leaves a Storied Region Hurting
12/19/201603:02:00Vale Alliance Looks Uncertain, Fortescue CEO Says -- WSJ
12/15/201622:48:00Fortescue CEO Says Alliance With Vale Appears Shaky
12/15/201616:57:02Report of Foreign Issuer (6-k)
12/13/201608:40:00Brazil's Big Companies Hinder Its Brazil's Big Companies Hinder...

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