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To: Paul Senior who wrote (98227)3/20/2008 11:30:16 AM
From: elmatador  Respond to of 206214
 
Vale: 86.67% increase for the blast furnace pellet price.

and peope are saying commodities going down.

According to Vale, Ilva agreed to pay an 86.67% increase for the blast furnace pellet price.

Vale said that with the adjustment the new reference price is $2.202 per unit for pellets shipped from Vale's port in Tubarao.

"Vale reinforces its commitment with its customers, investing a substantial amount of resources to add new capacity of high quality pellets to meet their increasing demand, aiming to enhance our long-term relationship," the company said.

tradingmarkets.com



To: Paul Senior who wrote (98227)3/30/2008 6:44:09 AM
From: elmatador  Respond to of 206214
 
PBR hits oil at BM-S-8 offshore basin is south of the Tupi field, which may hold 8 billion barrels of oil, the Brazilian newspaper said. A Petrobras spokesman who declined to be identified declined to comment on the story, Estado reported.

Petrobras Makes Oil Discovery Off Brazil Coast, Estado Reports

By Guillermo Parra-Bernal

March 29 (Bloomberg) -- Petroleo Brasileiro SA, also known as Petrobras, found oil and natural gas off the coast of Brazil, Estado de S. Paulo reported, citing unidentified people.

The BM-S-8 offshore basin is south of the Tupi field, which may hold 8 billion barrels of oil, the Brazilian newspaper said. A Petrobras spokesman who declined to be identified declined to comment on the story, Estado reported.

Miriam Guaraciaba, a spokeswoman for Petrobras in Rio de Janeiro, didn't immediately return calls to her office and mobile phones outside of business hours.

Petrobras, Royal Dutch Shell Plc and Portugal's Galp Energia SGPS SA are searching together for oil in the Santos Basin region, off the coast of Brazil's Sao Paulo and Rio de Janeiro states, Estado said.

To contact the reporter on this story: Guillermo Parra-Bernal in Sao Paulo at at gparra@bloomberg.net