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Article: Brazil: Vale eyeing Paranapanema's Cibrafertil fertilizer producer -.
- Article from:
- TendersInfo
- Article date:
- July 13, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: shabnam05
Brazilian iron ore mining giant Vale (NYSE: RIO) is looking at acquiring copper processor Caraiba Metais along with fertilizer producer Cibrafertil, both part of the Paranapanema group, Vale admitted Tuesday.
Responding to rumors that it is eyeing up the Paranapanema group as a whole, Vale said in a statement it "is not involved in any negotiation to acquire Paranapanema, as mentioned by the Brazilian media."
On the other hand, "as part of Vale's normal course of business of evaluating investment opportunities, Vale is analyzing acquiring Caraiba Metais and Cibrafertil," the statement said.
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Article: Caraiba Metais shelves expansion plan.
South American Business Information;
March 27, 2002 ;
397 words
...Brazil, Mar 27, 2002 Caraiba Metais decided to shelve its expansion projects due to the drop of the copper price in the international market. The company, set up ...
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