Market Commentary on Companhia Vale do Rio Doce.

0 Comments | M2 Presswire, February, 2007

M2 PRESSWIRE-26 February 2007-Resource News: Market Commentary on Companhia Vale do Rio Doce(C)1994-2007 M2 COMMUNICATIONS LTD RDATE:26022007 Market Commentary on Companhia Vale do Rio Doce (NYSE:RIO) Companhia Vale do Rio Doce (CVRD), the world's leading iron ore miner, has more than one iron in the fire.

Iron ore and pellets (used in steel production) account for about two-thirds of CVRD's sales; the company, in turn, accounts for 30 of the world's ocean-shipped iron ore. CVRD's mines also produce bauxite, manganese, kaolin, and potash. Other products include steel, ferro-alloys, copper, and aluminum. CVRD has holdings in hydroelectric power generation and in rail and shipping businesses, primarily to support its mining activities. In 2006 it bid $19...