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Brazil's Vale says reevaluating noncore assets - CFO

SAO PAULO | Thu Oct 25, 2012 8:23am EDT

SAO PAULO Oct 25 (Reuters) - Brazilian miner Vale is reevaluating noncore assets and the market should expect the sale of some of them, Chief Financial Officer Luciano Siani Pires said on a conference call on Thursday.

The world's No. 2 mining company reported third-quarter profits down 66 percent, its worst performance in three years, on Wednesday.

Shares of Vale gained 3.65 percent shortly after opening.
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