Alcoa.ALCOA, a U.S. aluminum company, said its Brazilian subsidiary, Alcoa Aluminio, raised its stake in the Estreito hydroelectric power hydroelectric power: see power, electric; water power. hydroelectric power Electricity produced from generators driven by water turbines that convert the energy in falling or fast-flowing water to mechanical energy. company, in northern Brazil, to 25.49% from 19.08% by buying equity from BHP Billiton BHP Billiton is the world's largest mining company.[1] Its origin is in the 2001 merger of Australia's Broken Hill Proprietary Company (BHP) and the UK's Billiton, which has a South African background. The result is a dual-listed company. , a global mining company. The other partners in the project include Suez Energy South America, Companhia Vale do Rio Doce Summary Companhia Vale do Rio Doce (CVRD) is a global diversified mining company, the second largest mining company in the world, and the largest logistics operator in Brazil. and Camargo Correa Energia. Financial details were not disclosed. |
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