CVRD to resettle families off Mozambique coal mine

(Reuters) - Brazil's Companhia Vale do Rio Doce plans to spend $30 million to resettle 1,200 families occupying a mining site in Mozambique, clearing the way for development of the project, a newspaper reported on Monday.

"We have our teams working in the district of Inhangoma to demarcate the areas where the local population would be resettled in a process to be concluded before the end of the year," CVRD official Andre Vasconcelos was quoted as saying by Noticias, a daily newspaper in Mozambique.


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UPDATE 1-ANZ financing China iron pellet plant for CVRD venture

(Reuters) - ANZ said Zhuhai YMP Yueyufeng Iron & Steel Co. Ltd., a joint
venture set up by Zhuhai Yueyufeng Iron & Steel Co. Ltd, Pioneer
Iron & Steel Group and CVRD in 2006, would build the iron ore
pellet plant in the southern Chinese province of Guangdong.




Details of the financing were not immediately available.


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