UPDATE 1-Australia's New Century in talks to buy Vale's New Caledonia assets

Australia's New Century Resources Ltd said on Tuesday it was in talks with Brazilian miner Vale's Canadian unit to buy the latter's nickel and cobalt operations on the Pacific island of New Caledonia. Brazil's Vale said it received non-binding offers for the nickel mining operations in April after putting them up for sale in December as the operation faced technical setbacks, a chemical spill and violent protests.