Boy, these guys seem to have money to spare.

How about moving sum of that money further north into a company called Noront.

That should wake up the invest World and make things move again.

SAO PAULO -(Dow Jones)- Brazilian mining giant Vale SA (VALE5.BR) will invest
$305 million in a project to produce biodiesel to supply its operations in the
northern region of Brazil, from 2014 onwards, the company said in a statement
late Tuesday.


According to Vale, the project will use palm oil as raw material, which will
be produced by a consortium between Vale and Biopalma da Amazonia S.A.


Of the total to be invested by Vale, $40 million will be disbursed in 2009,
already included in the company's capex budget previously announced.


"Vale's stake in the consortium, whose goal is to produce 500,000 tons of palm
oil per year, is 41%. The oil production related to our stake will be used to
feed our own biodiesel plant, which will be 100% built and operated by Vale,
with estimated capacity of 160,000 tons of biodiesel per year," said Vale.