Vale reported looking at Freeport takeover

A report out of Brazil says Rio-based Cia. Vale do Rio Doce mining company may be readying a takeover bid for one of three mining giants, including Phoenix-based Freeport McMoRan Copper & Gold

Vale has reportedly also investigated Anglo American Plc, and aluminum producer Alcoa Inc. Vale may be selling $30 billion of shares to finance the takeover.