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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
04/24/201513:44:09Brazil's Vale Signs $2 Billion Financing Agreement With Korea...
04/22/201509:50:15Vale 1Q Iron-Ore Output a Record
04/22/201509:38:36Report of Foreign Issuer (6-k)
04/22/201509:29:17Brazil's Vale 1Q Iron-Ore Output a Record
04/20/201506:07:28Report of Foreign Issuer (6-k)
04/20/201506:07:27Report of Foreign Issuer (6-k)
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

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