United States
Securities and Exchange Commission
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant To Rule 13a-16 or 15d-16
of the
Securities Exchange Act of 1934
For the month of
December 2002
Valley of the Doce River Company
(Translation of Registrant's name into English)
Avenida Graca Aranha, No. 26
20005-900 Rio de Janeiro, RJ, Brazil
(Address of principal executive office)
(Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.)
(Check One) Form 20-F X Form 40-F
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(Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing information
to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange
Act of 1934.)
(Check One) Yes No X
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(If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b). 82- .)
This current report on Form 6-K is hereby incorporated by reference into the
Registration Statement on Form F-4 of Companhia Vale do Rio Doce and Vale
Overseas Limited, File No. 333-84696.
[COMPANHIA VALE DO RIO DOCE LOGO] Press Release
The Brazilian Ministry of Finance Recommends the Approval of Acquisitions Made
by CVRD
Rio de Janeiro, December 19, 2002 - The Brazilian Ministry of Finance, through a
note issued by the Secretaria de Acompanhamento Economico (SEAE), recommended
the approval of the acquisition of Brazilian iron ore companies made by
Companhia Vale do Rio Doce (CVRD) in 2000/01, Socoimex, Samitri, Ferteco and
Caemi Mineracao e Metalurgia.
Pursuant to the note by SEAE, CVRD must sign a formal commitment with the
Conselho Administrativo de Defesa Economia (CADE), according to the following
guidelines:
(a) The iron ore prices charged by CVRD to domestic clients will be equal to the
price charged to international clients less transportation costs;
(b) CVRD global reference prices must be publicly disclosed ;
(c) The price charged to domestic clients must be separated from prices charged
by CVRD for its services, like railroad transportation;
(d) The commitment must have a 20-year term, which may be extended by CADE;
(e) CVRD will be subject to penalties if it does not comply with the commitment
with CADE.
CVRD is committed to provide an appropriate supply of iron ore and pellets to
the Brazilian steel industry at prices determined in the global market less
transportation costs as an important component of its general commitment with
the development of its clients around the globe.
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For further information,please contact:
Roberto Castello Branco: roberto.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
Eduardo Mello Franco: eduardo.mello.franco@cvrd.com.br +55-21-3814-9849
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.
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
(Registrant)
Date: December 20, 2002
By: /s/ Fabio de Oliveira Barbosa
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Fabio de Oliveira Barbosa
Chief Financial Officer