Vale says in no rush to sell Hydro stake; oil deal close -CEO

Thu Dec 6, 2012 10:53am EST

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LONDON, Dec 6 (Reuters) - Brazil's Vale SA, the
world's second-largest mining company, is in no rush to sell its
stake in Norwegian aluminum group Norsk Hydro ASA,
Chief Executive Officer Murilo Ferreira told investors and
analysts in London on Thursday.
    Vale, which is scaling back investments and focusing more on
core iron ore operations, will announce the sale of part of its
Brazilian oil and gas exploration and production in coming
weeks, Ferreira said.
A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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