Trading Alert for Companhia Vale do Rio Doce.

0 Comments | M2 Presswire, May, 2007

M2 PRESSWIRE-17 May 2007-Resource News: Trading Alert for Companhia Vale do Rio Doce(C)1994-2007 M2 COMMUNICATIONS LTD RDATE:17052007 Companhia Vale do Rio Doce (CVRD), the world's #1 iron ore miner, has more than one iron in the fire. Iron ore and pellets (used in steel production) account for 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 billion to acquire Inco (now CVRD Inco). Valepar controls more than 50 of CVRD. The...

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