rio extends offer, page-4

I've enjoyed reading your posts Skipperx as I understand you live in Brazil and have friends working at VALE.

What relationship (if any) does VALE have with CSN? Are they best of friends or is there a healthy disrespect for each other.

CSN came on the scene after purchasing its inital stake in RIV from Talbot last year.

Brazil is a fair distance from Mozambique although the seaborne trade for coking coal would make the shipping costs straightforward.

Penny for your thoughts.