United States
Securities and Exchange Commission
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant To Rule 13a-16 or 15d-16
of the
Securities Exchange Act of 1934
For the month of July 2002
Valley of the Doce River Company
(Translation of Registrant's name into English)
Avenida Graca Aranha, No. 26
20005-900 Rio de Janeiro, RJ, Brazil
(Address of principal executive office)
(Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.)
(Check One) Form 20-F X Form 40-F
--- ---
(Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing information to the Commission
pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)
(Check One) Yes No X
--- ---
(If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b). 82-___.)
Companhia Vale do Rio Doce
TABLE OF CONTENTS
This Form 6-K contains the following:
Sequential
Page
Item Number
---- ------
1. Press Release entitled "RDME Receives Best Plants Award"
dated July 10, 2002............................................... 1
2. Press Release entitled "New Stage of the Igarape Bahia Mine"
dated July 10, 2002............................................... 2
Companhia Vale do Rio Doce Logo Press Release 1
RDME Receives Best Plants Award
Rio de Janeiro, July 10, 2002 - Companhia Vale do Rio Doce (CVRD) announces that
its wholly-owned subsidiary Rio Doce Manganese Europe (RDME), a ferro-alloys
producer based in Dunkirk, France, received the Best Plants Award sponsored by
"L'Usine Nouvelle", INSEAD - Institut Europeen d'Administration des Affaires and
"Wirtschaftswoche". The award is given annually to German and French-based
companies.
The purpose of this award is to evaluate management quality, as well as recently
completed improvements and their objectives. This includes reviews of the
company's industrial strategy, the organization of production practices, new
products development, value chain and customer relationship management, human
resources and knowledge management.
This achievement is the result of the restructuring made by CVRD, since the
acquisition of RDME's shareholding control in 1999. Last year, RDME obtained the
ISO 14001 Certificate and the Environmental Company Award, sponsored by the
French Chemical Industries Union.
CVRD is the world's second largest manganese producer, and third largest
ferro-alloys producer. In 2001, manganese and ferro-alloys products accounted
for 7.6% of CVRD revenues, as per US GAAP (generally accepted accounting
principles) consolidation criteria.
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For further information, please contact:
Roberto Castello Branco: castello.branco@cvrd.com.br +55-21-3814-4540
Andreia Reis: andreia.reis@cvrd.com.br +55-21-3814-4643
Barbara Geluda: barbara.geluda@cvrd.com.br +55-21-3814-4557
Daniela Tinoco: daniela.tinoco@cvrd.com.br +55-21-3814-4946
Rafael Azevedo: rafael.azevedo@cvrd.com.br +55-21-3814-4700
This press release may contain statements that express management's expectations
about future events or results rather than historical facts. These
forward-looking statements involve risks and uncertainties that could cause
actual results to differ materially from those projected in forward-looking
statements, and CVRD cannot give assurance that such statements will prove
correct. These risks and uncertainties include factors: relating to the
Brazilian economy and securities markets, which exhibit volatility and can be
adversely affected by developments in other countries; relating to the iron ore
business and its dependence on the global steel industry, which is cyclical in
nature; and relating to the highly competitive industries in which CVRD
operates. For additional information on factors that could cause CVRD's actual
results to differ from expectations reflected in forward-looking statements,
please see CVRD's reports filed with the Brazilian Comissao de Valores
Mobiliarios and the U.S. Securities and Exchange Commission.
Companhia Vale do Rio Doce Logo Press Release 2
New Stage of the Igarape Bahia Mine
Rio de Janeiro, July 10, 2002 - Companhia Vale do Rio Doce (CVRD) announces that
the exploitation of the gold ore reserves in the Igarape Bahia mine, in Carajas,
was discontinued, after twelve years of intense mining activity. During the
12-year period Igarape Bahia produced a total of 3,119,000 troy ounces of gold.
As of July 8, 2002, this operational unit has been integrated into the CVRD
Carajas Department of Operations, which will initiate the Igarape Bahia Phase IV
project. In accordance with a pre-feasibility study under development, the ore
deposit is estimated to have an annual production capacity of 36,000 tons of
copper and 83,600 troy ounces of gold. It is estimated that the development of
the mine will begin in mid-2003 and production will begin in 2004.
The on site beneficiation plant, which was previously used for the production of
gold, will be adapted to copper processing, as well as the current on site
infrastructure (energy supply, offices, etc.). A preliminary estimate for this
project capex is US$ 54 million, most of which will be spent during 2003 and
2004.
The copper deposit Alemao, with an annual production capacity estimated at
150,000 tons per year of copper concentrate and 218,600 troy ounces per year of
gold is located below this deposit. CVRD forecasts that the Alemao project will
be commissioned in 2006.
CVRD's gold production forecast for 2002 is 305,400 troy ounces, resulting from
the exploitation of the Fazenda Brasileiro (Bahia) and Itabira (Minas Gerais)
mines, as compared to 514,400 troy ounces produced in 2001.
It is estimated that by 2007, the total amount of gold produced by the Company
will reach 950,000 troy ounces per year. Therefore, CVRD gold production will be
much higher than its average production over the last few years. The recovery of
the production level will occur due to the development of the Carajas copper
projects, which have gold as a byproduct. Those projects are in different stages
of study or implementation , such as the case of Sossego.
--------------------------------------------------------------------------------
For further information, please contact:
Roberto Castello Branco: castello.branco@cvrd.com.br +55-21-3814-4540
Andreia Reis: andreia.reis@cvrd.com.br +55-21-3814-4643
Barbara Geluda: barbara.geluda@cvrd.com.br +55-21-3814-4557
Daniela Tinoco: daniela.tinoco@cvrd.com.br +55-21-3814-4946
Rafael Azevedo: rafael.azevedo@cvrd.com.br +55-21-3814-4700
This press release may contain statements that express management's expectations
about future events or results rather than historical facts. These
forward-looking statements involve risks and uncertainties that could cause
actual results to differ materially from those projected in forward-looking
statements, and CVRD cannot give assurance that such statements will prove
correct. These risks and uncertainties include factors: relating to the
Brazilian economy and securities markets, which exhibit volatility and can be
adversely affected by developments in other countries; relating to the iron ore
business and its dependence on the global steel industry, which is cyclical in
nature; and relating to the highly competitive industries in which CVRD
operates. For additional information on factors that could cause CVRD's actual
results to differ from expectations reflected in forward-looking statements,
please see CVRD's reports filed with the Brazilian Comissao de Valores
Mobiliarios and the U.S. Securities and Exchange Commission.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
COMPANHIA VALE DO RIO DOCE
(Registrant)
Date: July 11, 2002
By: /s/ Fabio de Oliveira Barbosa
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Fabio de Oliveira Barbosa
Chief Financial Officer