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Higher sales, iron ore prices see CVRD to record profit

CIA Vale do Rio Doce, best known as CVRD and the world's biggest iron ore producer, posted a reco...

Tim Treadgold

The result, released in Rio de Janeiro overnight, represents a 71% increase on the 1999 profit. CVRD president Jorio Dauster said the improved result came from increased sales and favourable iron ore...

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