World GTL Inc Files Largest Ever Lawsuit Against Trinidad Government-Owned Petrotrin


US $2 Billion Lawsuit Claims Petrotrin Expropriated Assets in Joint Venture Company, World GTL Trinidad Limited

NEW YORK, May 13 /PRNewswire/ — World GTL Inc, in the largest lawsuit ever filed against a private or Government-owned company in Trinidad, and amid upcoming elections, said it had served, with the help of a court order there, the Government-owned Petroleum Company of Trinidad and Tobago (Petrotrin) with a complaint in the United States Federal District court for the wrongful expropriation of its assets in a joint venture company, World GTL Trinidad Limited.

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Vale Inco Announces Name Change to Vale

TORONTO, May 27 /PRNewswire/ — Vale Inco announced the natural next step in the company’s evolution today by changing its name to Vale — a milestone that aligns it more fully with other Vale operations worldwide and reflects its position as part of the world’s second largest mining company.
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