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FORM 6-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 or 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For JULY 1, 2002
Companhia Vale do Rio Doce
(Exact name of Registrant as specified in its charter)
Valley of the Doce River Company
(Translation of Registrant's name into English)
Federative Republic of Brazil
(Jurisdiction of incorporation or organization)
Avenida Graca Aranha, No. 26
20005-900 Rio de Janeiro, RJ, Brazil
(Address of principal executive offices)
[Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F:]
FORM 20-F X FORM 40-F
--- ---
[Indicate by check mark whether the registrant by furnishing the information
contained in this form is also thereby furnishing the information to the
+Commission pursuant to rule 12g3-2(b) under the Securities Exchange Act of
1934.]
YES NO X
--- ---
[If "Yes " is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b):] Not applicable
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Companhia Vale do Rio Doce
TABLE OF CONTENTS
This Form 6-K contains the following:
Sequential
Page
Item Number
---- ------
1. Press Release entitled "Aluvale Acquires Alunorte Shares"
dated June 27, 2002...........................................
2. Press Release entitled "CVRD Protocols Debentures Register
Request" dated June 28, 2002..................................
Companhia
[GRAPHIC OMITTED] Vale do Rio Doce Press Release
CVRD Protocols Debentures Register Request
Rio de Janeiro, June 28, 2002 - Companhia Vale do Rio Doce (CVRD) informs its
shareholders, the investors community and, principally, the holders of the
debentures, non-convertible into shares, issued by CVRD (Debentures) that,
according to the Privatization Offering PND-A-01/97/CVRD, and considering the
period of three months after the occurance of the Secondary Public Shares
Offer, the register of the Debentures was protocoled today together with
Comissao de Valores Mobiliarios (Brazilian Securities Commission) (CVM). The
388,559,056 Debentures were issued and distributed by CVRD only to its
shareholders, including the Brazilian Government, at the time of its
privatization. The purpose was to guarantee to shareholders the rights to
participate in the revenues of natural ores deposits of the Company and some of
its affiliates, consisting in payments from the redemption of Preferred Class B
shares, issued as a bonus to CVRD shareholders, through the capitalization of
its revenues reserves.
The obtainment of the above mentioned register with CVM has the purpose to
enable the Debentures trading in the secondary market together to SND - Sistema
Nacional de Debentures (National Debentures System), under the management of
ANDIMA - Associacao Nacional das Instituicoes do Mercado Aberto (National
Association of Open Market Institutions) and operationally by CETIP - Central
de Custodia e de Liquidacao Financeira de Titulos (Clearing House for the
Custody and Financial Settlement of Securities).
--------------------------------------------------------------------------------
For further information, please contact:
Roberto Castello Branco: castello.branco@cvrd.com.br +55-21-3814-4540
Andreia Reis: andreia.reis@cvrd.com.br +55-21-3814-4643
Barbara Geluda: barbara.geluda@cvrd.com.br +55-21-3814-4557
Daniela Tinoco: daniela.tinoco@cvrd.com.br +55-21-3814-4946
Rafael Azevedo: rafael.azevedo@cvrd.com.br +55-21-3814-4700
This press release may contain statements that express management's
expectations about future events or results rather than historical facts. These
forward-looking statements involve risks and uncertainties that could cause
actual results to differ materially from those projected in forward-looking
statements, and CVRD cannot give assurance that such statements will prove
correct. These risks and uncertainties include factors: relating to the
Brazilian economy and securities markets, which exhibit volatility and can be
adversely affected by developments in other countries; relating to the iron ore
business and its dependence on the global steel industry, which is cyclical in
nature; and relating to the highly competitive industries in which CVRD
operates. For additional information on factors that could cause CVRD's actual
results to differ from expectations reflected in forward-looking statements,
please see CVRD's reports filed with the Brazilian Comissao de Valores
Mobiliarios and the U.S. Securities and Exchange Commission.
Companhia
[GRAPHIC OMITTED] Vale do Rio Doce Press Release
ALUVALE Acquires ALUNORTE Shares
Rio de Janeiro, June 27, 2002 - Companhia Vale do Rio Doce (CVRD) announces
that its affiliate, Vale do Rio Doce Aluminio S.A. - ALUVALE (Aluvale) has
acquired, today, from its associated company, Mineracao Rio do Norte S.A.
(MRN), for R$ 118,876,674.99, 101,992,307 common shares and 21,992,308
preferred shares, representing 12.62% of the total capital of ALUNORTE -
Alumina do Norte do Brasil S.A. (Alunorte), an alumina refinery located in the
State of Para, Brazil. Up to now, Aluvale held 50.32% of Alunorte's common
shares and 44.41% of Alunorte's total capital. From today on, Aluvale will hold
62.09% of common shares and 19.05% of preferred shares, representing 57.03% of
Alunorte's total capital.
Besides the above mentioned price paid for the shares, Aluvale assumed an
obligation to pay the amount of R$ 5,701,075.01, representative of the last
installment of the Alunorte total capital increase, which was originally MRN's
responsibility, that will occur on July 1, 2002. This capital increase, which
totals R$ 233,280,000.00, and first tranche was paid in full on October 6,
2000, was proposed to finance part of the expansion of 825,000 tonnes in the
annual production capacity of alumina. This project should be concluded on the
last quarter 2002. The cost of the investment is one of the lowest in the
world.
MRN, in which Aluvale retains a 40% interest in total capital, will continue to
provide bauxite to Alunorte according to the present terms and conditions and
it may use part of the funds generated by this transaction to finance the
expansion of its production capacity, from 11 million to 16.3 million tonnes
per year. Besides that, MRN could maintain the dividends distribution policy
adopted in the last years. Today, MRN will be distributing dividends to its
shareholders in the amount of R$ 70 million and, during the third quarter 2002,
will make an additional distribution, related to future income, in an amount
equivalent to US$ 30 million.
This transaction is part of the implementation of CVRD strategy for the
aluminum businesses, which expansion will occur basically through the
exploration of growth opportunities for the activities related to bauxite and
alumina. It will give Aluvale increased flexibility for possible exchanges
and/or sale of shares, which could generate a market for Alunorte's product,
and secure a higher value in future brownfield expansions in the alumina
refinery. Aluvale may incorporate to the acquired shares, or not, the take of
alumina proportional to its participation in the Alunorte capital, which was
previously transfered by MRN. Concurrently, MRN will be concentrating solely on
the production of bauxite, which is its core business.
--------------------------------------------------------------------------------
For further information, please contact:
Roberto Castello Branco: castello.branco@cvrd.com.br +55-21-3814-4540
Andreia Reis: andreia.reis@cvrd.com.br +55-21-3814-4643
Barbara Geluda: barbara.geluda@cvrd.com.br +55-21-3814-4557
Daniela Tinoco: daniela.tinoco@cvrd.com.br +55-21-3814-4946
Rafael Azevedo: rafael.azevedo@cvrd.com.br +55-21-3814-4700
This press release may contain statements that express management's
expectations about future events or results rather than historical facts. These
forward-looking statements involve risks and uncertainties that could cause
actual results to differ materially from those projected in forward-looking
statements, and CVRD cannot give assurance that such statements will prove
correct. These risks and uncertainties include factors: relating to the
Brazilian economy and securities markets, which exhibit volatility and can be
adversely affected by developments in other countries; relating to the iron ore
business and its dependence on the global steel industry, which is cyclical in
nature; and relating to the highly competitive industries in which CVRD
operates. For additional information on factors that could cause CVRD's actual
results to differ from expectations reflected in forward-looking statements,
please see CVRD's reports filed with the Brazilian Comissao de Valores
Mobiliarios and the U.S. Securities and Exchange Commission.
PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
COMPANHIA VALE DO RIO DOCE
By: /s/ Roberto Castello Branco
-------------------------------
Name: Roberto Castello Branco
Title: Head of Investor Relations
Dated: July 1, 2002