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Brazil Vale Plans To Safeguards Its Interests At CSA Steelworks

RIO DE JANEIRO -(Dow Jones)- Brazilian mining company Vale SA (VALE, VALE5.BR) will seek to safeguard its own best interests and rights in any possible sale of the control of Brazil's Companhia Siderurgica do Atlantico or CSA, Vale's CEO Murilo Ferreira said Friday. Vale has supported the five-million-metric-tons-a-year steel slabs works in Rio de Janeiro since the start of the project and is prepared to support changes that would lead to the best strategic planning solution for the company and safeguard its sales of iron ore to the works, Ferreira told reporters in Rio de Janeiro. CSA is controlled by Germany's ThyssenKrupp Steel (TKA.XE) and Vale has a minority stake of 27%. Earlier this week, the German steelmaker said it may consider selling it stake due to the unit's high costs. "Vale's not a steelmaker," Ferreira said, indicating the mining company is not planning to increase its stake in CSA. -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
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)
03/20/201509:28:25Fortescue Metals Group: Great Execution, Bad Timing
03/19/201518:30:08U.S. Probe Into Guinea Mining Could Yield Six Indictments
03/19/201508:01:08Report of Foreign Issuer (6-k)
03/19/201507:58:38Report of Foreign Issuer (6-k)
03/18/201510:28:025 Things Vale SA (ADR)âs Management Wants You to Know
03/18/201509:44:01What Is Keeping Vale Down?
03/18/201508:02:023 Value Stocks Near 52-Week Lows Worth Buying
03/17/201506:57:54Report of Foreign Issuer (6-k)
03/17/201506:07:34Why Hallgarten's Chris Ecclestone Is Staying Long In The Mining...
03/16/201506:07:29Report of Foreign Issuer (6-k)
03/13/201519:06:17Vale SA Transfers Guinea Mining Stake to BSG Resources

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