trust me to get banned during the best 14 days, page-26

Its worth reading the Vale results and commentary thats come out overnight. Below is an excerpt from a Reuters report.

NB - This does not imply that Vale are vaguely interested in any company that has any operations in Peru. It just seemed a nice quote for a friday morning :O)

"After getting bogged down this year in takeover talks that ultimately collapsed with large Swiss rival Xstrata Plc Vale CEO Roger Agnelli said his team was poring over several possible acquisitions, but the company's strategy would focus on smaller targets.

"I remain very optimistic about the sector into the medium and long term. But we're not going to make any moves simply to just be big," Agnelli said on a conference call with investors about the company's quarterly earnings. "We want to remain agile for opportunities as they arise."