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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
04/15/201506:02:17Report of Foreign Issuer (6-k)
04/14/201510:08:35Fortescue Overhauls Worker Rosters to Cut Costs -- Update
04/14/201507:58:25S&P warns on global miners including BHP, Rio, Vale
04/13/201518:09:28ADR Shares End Lower; Alcatel-Lucent, Nokia Shares Rise
04/10/201520:45:45Better Late Than Never, Cuba Attends
04/10/201506:02:14Report of Foreign Issuer (6-k)
04/08/201506:02:52Report of Foreign Issuer (6-k)
04/07/201516:30:15Report of Foreign Issuer (6-k)
04/02/201511:31:23Iron Ore's Meltdown Raises Questions About Miners
04/01/201509:40:23Report of Foreign Issuer (6-k)
03/31/201509:11:46Iron Ore Miners Rio, BHP And Vale Race To The Bottom, Steel Prices...
03/27/201518:28:00Vale should sell stake in Carajas iron ore mine, analyst says
03/27/201510:36:08Petrobras Nominates Vale CEO as Its Next Chairman--Update
03/27/201510:10:48Petrobras Nominates Vale CEO as Its Next Chairman
03/27/201510:00:21Petrobras Nominates Vale CEO as Its Next Chairman
03/27/201508:04:18Why Fortescue Metals' Call For Cap On Iron Ore Production Will...
03/24/201517:40:07Brazilian Real Strengthens After S&P Ratings Decision; Shares...
03/24/201507:11:27Vale: Near-Term Prospects Remain Bleak
03/21/201508:06:014 Dangerous Dividend Stocks You Should Avoid
03/20/201517:30:54Annual and Transition Report (foreign Private Issuer) (20-f)

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