Spreading wealth.Brazilian metals and mining giant 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. plans to improve its production. The company will invest US$1.18 billion in its Samarco project and $759 million in Caemi to construct new pellet pel·let n. 1. A small pill; a pilule. 2. A small rod-shaped or ovoid mass, as of compressed steroid hormones, intended for subcutaneous implantation in body tissues to provide timed release over an extended period of time. plants. These investments will increase pellet production by 14.6 million tons per year. (Pellets are used to make steel.) Two projects already underway in the Para state will expand a bauxite bauxite (bôk`sīt, bŏk`–), mixture of hydrated aluminum oxides usually containing oxides of iron and silicon in varying quantities. mine and an alumina alumina (əl  `mĭnə) or aluminum oxide, Al2O3, chemical compound with m.p. about 2,000°C; and sp. gr. about 4.0. plant. The company will invest $196.1 million to expand the Paragominas bauxite plant and $846 million to expand the Alunorte alumina plant. The Alunorte project will make it the largest and most modern alumina refinery in the world.
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