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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
07/21/201609:02:42Report of Foreign Issuer (6-k)
07/21/201608:23:00Brazil's Vale Iron Ore Output Falls in Second Quarter
07/19/201623:20:00BHP Billiton's Iron Ore Production Shows No Signs of Slowing
07/15/201606:03:08Report of Foreign Issuer (6-k)
07/12/201606:03:35Report of Foreign Issuer (6-k)
07/08/201616:41:30Report of Foreign Issuer (6-k)
07/05/201611:23:38Report of Foreign Issuer (6-k)
07/05/201611:22:40Report of Foreign Issuer (6-k)
07/01/201613:44:47Report of Foreign Issuer (6-k)
07/01/201613:43:54Report of Foreign Issuer (6-k)
06/22/201620:12:00Australia's Fortescue Deepens Debt Repayments -- Update
06/20/201609:46:20Report of Foreign Issuer (6-k)
06/16/201610:04:16Report of Foreign Issuer (6-k)
06/14/201606:02:52Report of Foreign Issuer (6-k)
06/10/201613:00:24Securities Registration (section 12(b)) (8-a12b)
06/10/201612:53:15Report of Foreign Issuer (6-k)
06/10/201603:04:00Brazil Faults BHP, Vale Venture for Dam Break -- WSJ
06/10/201600:56:00Brazil Police Say BHP, Vale Venture at Fault for Dam Disaster...
06/09/201620:26:00Brazil Police Say BHP, Vale At Fault for Dam Disaster -- 2nd...
06/09/201620:01:00Brazil Police Say BHP, Vale At Fault for Dam Disaster -- Update

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