SOURCE: Industrial Info Resources

October 18, 2007 05:02 ET

Project Resource Shortages Restrain CVRD's $11 Billion 2008 Investment, an Industrial Info News Alert

JOHANNESBURG, SOUTH AFRICA--(Marketwire - October 18, 2007) - Researched by Industrial Info (Sugar Land, Texas) -- Companhia Vale do Rio Doce (CVRD) (NYSE:RIO) (Rio de Janeiro, Brazil), one of the world's largest miners and exporters of iron ore, has launched an $11 billion investment budget for 2008. The budget, the largest investment program ever undertaken by the company, is a part of the company's five-year $59 billion program. It involves a significant increase in capital expenditure for organic growth when compared with the $18 billion over the 2003-07 period.

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