Posted in | News | Materials Research | Minerals

CVRD Wins Rights to Explore Brazilian Bauxite Deposit

Nov 19 2004

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Companhia Vale do Rio Doce informs that it won the international competition promoted by Paranapanema S.A. for the research, evaluation and exploration of the bauxite deposit in the Pitinga region, Municipality of Presidente Figueiredo, Amazon State, Brazil.

During the next two years, CVRD will be developing all the geological exploration work to define the size of the deposit and the best way to proceed with its economic exploration. The Pitinga reserve contains bauxite potentially of high quality and in large quantity.

The exploration of the Pitinga bauxite deposit is in line with CVRD´s strategic plans, contributing to its growth and shareholder value creation.

For more information on bauxite, click here.

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