CVRD Negotiates the Acquisition of Ferteco

Apr 12, 2001, 01:00 ET from Companhia Vale do Rio Doce

    RIO DE JANEIRO, Brazil, April 12 /PRNewswire/ -- Companhia Vale do Rio
 Doce (NYSE:   RIO PR) (CVRD), the world's largest producer and exporter of iron
 ore, is in discussions with ThyssenKrupp Stahl AG (TKS), one of the largest
 steelmaking groups in Europe, which may lead to the acquisition of 100% of
 Ferteco Mineracao S.A. (Ferteco). Ferteco is a Brazilian company engaged in
 the mining and processing of iron ore based in the state of Rio de Janeiro and
 wholly owned by TKS. CVRD and TKS will make a public announcement at the
 appropriate time.
     Ferteco is the third largest Brazilian producer of iron ore, with a
 production capacity of 15 million tonnes per year. It operates two iron ore
 mines, Fabrica and Feijao, and a pellet plant in the Iron Quadrangle region in
 the state of Minas Gerais, Brazil. Ferteco also owns 10.5% of MRS Logistica
 S.A., a Brazilian railroad company, and 100% of Companhia Portuaria Baia de
 Sepetiba S.A., which operates a maritime terminal in the port of Sepetiba, Rio
 de Janeiro.
 
 

SOURCE Companhia Vale do Rio Doce
    RIO DE JANEIRO, Brazil, April 12 /PRNewswire/ -- Companhia Vale do Rio
 Doce (NYSE:   RIO PR) (CVRD), the world's largest producer and exporter of iron
 ore, is in discussions with ThyssenKrupp Stahl AG (TKS), one of the largest
 steelmaking groups in Europe, which may lead to the acquisition of 100% of
 Ferteco Mineracao S.A. (Ferteco). Ferteco is a Brazilian company engaged in
 the mining and processing of iron ore based in the state of Rio de Janeiro and
 wholly owned by TKS. CVRD and TKS will make a public announcement at the
 appropriate time.
     Ferteco is the third largest Brazilian producer of iron ore, with a
 production capacity of 15 million tonnes per year. It operates two iron ore
 mines, Fabrica and Feijao, and a pellet plant in the Iron Quadrangle region in
 the state of Minas Gerais, Brazil. Ferteco also owns 10.5% of MRS Logistica
 S.A., a Brazilian railroad company, and 100% of Companhia Portuaria Baia de
 Sepetiba S.A., which operates a maritime terminal in the port of Sepetiba, Rio
 de Janeiro.
 
 SOURCE  Companhia Vale do Rio Doce