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

Companhia Vale do Rio Doce

Avenida Graça Aranha, No. 26
20030-900 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.)

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(Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1))

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(Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7))

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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.)

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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-     .)

 

 

Table of Contents

Press Release

Signature Page

		Press Release

CVRD negotiates with Dongkuk the construction of a steel plant in the State of Ceará

Rio de Janeiro, November 14, 2007 — Companhia Vale do Rio Doce — (CVRD) is currently negotiating with Dongkuk Steel, one of the largest steel producers in South Korea, the construction of an integrated steel slab plant in the Industrial District of Pecém, in the Brazilian State of Ceará. The memorandum of understanding (MOU) is expected to be signed in November 20, 2007.

The viability study of this project is expected to be completed in coming months. The project encompasses the construction of an integrated coal-based steel slab plant with an initial production capacity of 2.5 million tons per year, with the possibility to be expanded to 5 million tons per year. The investment for the first phase of this project is expected to be US$2 billion.

This initiative is consistent with CVRD’s strategy of attracting new investments in the steel industry in Brazil, through minority stakes, thereby increasing iron ore consumption in the country. This is the third largest steel project CVRD is undergoing in the past three years, including ThyssenKrupp CSA in the State of Rio de Janeiro, and Baosteel CSV, in the State of Espirito Santo, Brazil, increasing the country’s steel production capacity by 12.5 million tons with investments around US$10 billion.

For further information, please contact:
+55-21-3814-4540
Roberto Castello Branco: roberto.castello.branco@cvrd.com.br
Alessandra Gadelha: alessandra.gadelha@cvrd.com.br
Marcus Thieme: Marcus.thieme@cvrd.com.br
Marcelo Silva Braga: marcelo.silva.braga@cvrd.com.br
Patricia Calazans: patricia.calazans@cvrd.com.br
Theo Penedo: theo.penedo@cvrd.com.br
Tacio Neto: tacio.neto@cvrd.com.br

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 and Canadian economy and securities markets, which exhibit volatility and can be adversely affected by developments in other countries; relating to the iron ore and nickel 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 Comissão de Valores Mobiliários 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.