CVRD's exports up with Pier III.

South American Business Information, July, 2004

Brazil, Jul 2, 2004 (Valor Economico /SABI via COMTEX)

The Brazilian mining company CVRD (Companhia Vale do Rio Doce) is inaugurating Pier III in the maritime terminal of Ponta da Madeira (Maranhao state) with an investment of US$41mil. As of 2005, the group, owner of 25% share in the global iron ore market, will export 85mil m tons of iron ore from Carajas (Para state). Vale also exports manganese from the Azul mine and concentrated cooper from Projeto Sossego in Canaa dos Carajas through Ponta da Madeira and the Port of Itaqui, both in Maranhao. Pier III was built by companies such as Odebrecht, Confap Industrial and Logos Engenharia. Vale also expanded the warehousing area from a capacity of 3.2mil m tons to 4.2mil m tons. With the operations of Pier III,...

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