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Report: CVRD close to winning control of Caemi and Ferteco

THE world's biggest iron ore miner, Cia Vale do Rio Doce of Brazil, is close to signing agreements to take over that country's number two and number three iron ore miners, according to news service <i>Gazeta Mercantil</i>.

MiningNews.Net

If true, CVRD will trump BHP and Anglo American, which are the competitive bidders. CVRD made the highest bid for Ferteco, a Brazilian iron ore miner owned by Germany's ThyssenKrupp, which is worth more...

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