Article: Samarco and MBR break production record.

Brazil, Sep 3, 2003 (Gazeta Mercantil/SABI via COMTEX)

The strong demand for iron ore in the Chinese market and the increasingly sales in Brazil led MBR (Mineracoes Brasileiras Reunidas) and Samarco Mineracao (two of the main Brazilian mining companies following Companhia Vale do Rio Doce), to negotiate almost all the year' production. MBR might close 2003 with 36.5mil m tons sold, an increase of 9% if compared to last year result. Samarco will sell 15.5mil m tons, 5,4% growth. The companies, both set up in Minas Gerais state and controlled by Vale, have an exporter profile. Samarco negotiates 100% of its output and MBR 80% (17th largest exporter of Brazil). ...

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