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Cia. Vale do Rio Doce (CVRD) is transforming itself from an iron ore producer operating mainly at home in Brazil into a global multi-product mining giant. Fuelled by robust cashflow, prudent debt management and a well-planned acquisition strategy, CVRD's market capitalization has surged to $41.2 billion at the end of 2005 from $8.7 billion in 2000. It now ranks as the world's third-largest mining company.
