In this special feature sponsored by Cvrd, Helen Dunne examines how the Brazilian mining group transformed itself into the world’s second largest mining company.
When Roger Agnelli, the chief executive of Brazilian mining group Companhia Vale do Rio Doce (Cvrd), finally acquired Canada’s Inco for $17.7 bn after a three-month battle, it marked not only the biggest ever transaction to involve a Latin American company but also the final part of a lengthy process to transform a former nationalized company into a major international player in the mining sector.
Today, Cvrd, which had its roots in the Vitória-Minas Railway Company, has a market
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