UPDATE 1-Norsk Hydro in new alumina plant deal with CVRD

(Reuters) - OSLO, July 23 - Norwegian aluminium group Norsk
Hydro said on Monday it will build an alumina refinery
in Brazil with iron ore miner CVRD to gain more
capacity for the key production input by 2011.




The plant will be developed in four stages, each of 1.85
million tonnes per year of alumina production capacity and with
a final output of 7.4 million tonnes per year, Norsk Hydro said.


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ANZ financing China iron pellet plant for CVRD venture

(Reuters) - Zhuhai YPM Pellet Co. Ltd is a joint venture set up by Zhuhai
Yueyufeng Iron & Steel Co. Ltd, Pioneer Iron & Steel Group and
CVRD in 2006.




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Brazil's stocks fall after records, real steady

(Reuters) - The Bovespa index of the Sao Paulo Stock Exchange
fell 0.16 percent to close at 54,643.72 points, erasing earlier
gains which had built on its record high close on Monday of
54,730 points. The index closed at record highs also on
Thursday and Friday and has gained 22.9 percent in 2007.




The index was dragged down by the shares of mining giant
CVRD, the second heaviest stock at the Bovespa. CVRD
slumped 3.04 percent to close at 73.8 reais.


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