Brazillian financial daily Valor,reported that schvartsman said that Vale strategy going forward will be to make medium sized Iron Ore acquisitions that have synergies with its exsisting mines.Vale offered to blend their high grade ore with FMG Thy talked about buying into FMG.FMG decided not to go ahead with it.I think thy were worried Vale wanted to buy 5% of FMG on market. WE HAVE VANADIUM IRON ORE.Vale must be talking to Todd .
FMS Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held
