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
October 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
--- ---
(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
--- ---
(If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b). 82-___ .)
Companhia Vale do Rio Doce
TABLE OF CONTENTS
This Form 6-K contains the following:
Sequential
Page
Item Number
---- ------
1. Press Release entitled "Recognition of CVRD Excellence Standards"
dated October 9, 2002. ........................................1
2. Press Release entitled "Approval of Debenture Public Trading
Registration" dated October 14, 2002...........................2
3. Press Release entitled "CVRD 3Q02 Earnings Release" dated
October 14, 2002...............................................3
4. Press Release entitled "Information about Debentures to CVRD
Foreign Shareholders" dated October 14, 2002...................5
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.
[CVRD LOGO OMITTED] Press Release
Recognition of CVRD Excellence Standards
Rio de Janeiro, October 09, 2002 - Companhia Vale do Rio Doce (CVRD) informs
that it received several awards, which are the recognition of the Company's
commitment to its shareholders and capital markets:
o Best in Investor Relations
Reuters Institutional Investor Survey 2002
Best Metals and Mining Company of Latin America
Best Company of Brazil
o Best in Transparency
Winner of the 6th ANEFAC - FIPECAFI - SERASA - 2002 Award Best Financial
Statements Transparency Trophy - 2001
o Best in Corporate Governance
Institutional Investor do Brasil -2002
The Best Metals and Mining Company in Brazil
Brazil's Second Best Company
o Best in Total Shareholders Return
Survey GVA(R)2002 - Fundacao Getulio Vargas / The Boston Consulting Group
One of the three companies that systematically presented the highest
total shareholder return in Brazil in 2001 and over the last five and ten years.
o Best Metals and Mining Latin America Company
Global Finance - 2002
Best Latin American Company in Metals & Mining
o Best Brazilian Listed Company
ABAMEC Rio de Janeiro - 2002
Julio Cesar Belisario Vianna Award
CVRD is very proud and stimulated to work harder and better to fulfill global
capital markets requirements.
--------------------------------------------------------------------------------
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.
[CVRD LOGO OMITTED] Press Release
Approval of Debenture Public Trading Registration
Rio de Janeiro, October 14, 2002 - Companhia Vale do Rio Doce (CVRD) announced
that on October 4, 2002, CVM - Comissao de Valores Mobiliarios (the Brazilian
Securities and Exchange Commission), approved the registration of CVRD
non-convertible shareholders debentures (Debentures).
The Debentures were issued by CVRD at the time of its privatization in 1997, as
a means of guaranteeing its pre-privatization shareholders - including the
Brazilian Federal Government - rights on net revenues originated from the
exploitation of mineral deposits belonging to the Company and some of its
subsidiaries. The 388,559,056 Debentures are nominative and book entry
registered. They were issued at a price of R$ 0,01 (one cent of a Real) per
debenture, indexed according to the variation of the IGPM (General Price Index -
Market), published by Fundacao Getulio Vargas. They are single series,
subordinated type, and will mature upon expiration of all mineral rights covered
by the Private Deed of the 6th Issuance of CVRD Shareholders Debentures (the
Deed), including if such expiration results from the depletion of the mineral
deposits covered by the Deed, or of other deposits that had replaced them.
The Debentures will be entitled to a premium, which is a percentage established
by the Deed, of the net revenues from accumulated sales of certain mineral
assets remaining in CVRD's portfolio, and covered by the Deed.
The premium will be paid semi-annually, by using one of the following methods,
as the case requires: (i) the procedures adopted by CETIP - Central de Custodia
e de Liquidacao Financeira de Titulos (the Clearing House for the Custody and
Financial Settlement of Securities), for Debentures registered under the SND -
Sistema Nacional de Debentures (the National Debenture System), or (ii) for
Debenture holders not registered under the previous system, through the
financial institution in charge of registering the Debentures, Banco Bradesco
S.A. (Bradesco), with offices at Cidade de Deus, City of Osasco, State of Sao
Paulo (the Registrar). Bradesco will also act as Mandate Bank (the Mandate).
Starting on October 28, 2002, the Debentures may be traded in the secondary
market at the SND, under the supervision of ANDIMA - Associacao Nacional das
Instituicoes do Mercado Aberto (the National Association of Open Market
Institutions), operated by CETIP.
The entitlement to the Debentures will be confirmed by a statement issued by the
Registrar. Additionally, the entitlement to the Debentures may be confirmed by
the Asset Position Report issued by SND, with a statement attached issued on
behalf of the Debentures holder by the financial institution responsible for the
custody of these securities when they are also deposited with the mentioned
system.
After CVRD requests the registration of the Debentures issuance at SND, CETIP
will register the issuance under a specific series, and will create a code to
identify the said issuance. Debentures holders will use this code to request
deposit at SND. The Mandate must validate such request on the same day. At this
point, Debentures registered at the Registrar will have their fiduciary
ownership transferred to CETIP. For a Debenture holder not participating in the
SND, like an individual investor, it is required the designation of a financial
institution account holder in CETIP. Such institution must request the deposit
to be made to its customer-dedicated account. Trading is made electronically
with dual control by both parties involved, and upon completion of the
transaction, CETIP will transfer custody thereof.
Any additional information about CVRD, the Debentures trading, the mineral
rights list, as well as copies of the Prospectus of Public Trading of
Participating Debentures (the Prospectus), will be available for interested
investors, and may be obtained by contacting either the Company, SLW - Corretora
de Valores e Cambio Ltda. (the Fiduciary Agent), or CVM. An electronic version
of the Prospectus will be available on CVRD website (www.cvrd.com.br, investor
relations section) and on the website www.debentures.com.br, supported by ANDIMA
and CETIP.
--------------------------------------------------------------------------------
For further information, please contact:
Roberto Castello Branco: 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
--------------------------
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.
[CVRD LOGO OMITTED] Press Release
CVRD 3Q02 Earnings Release
Rio de Janeiro, October 14, 2002 - Companhia Vale do Rio Doce (CVRD) will
release 3Q02 earnings on Wednesday, November 13, 2002 after market closing. CVRD
will release simultaneously quarterly consolidated financial statements in US
GAAP (generally accepted accounting principles in the United States) and the
Parent Company results in BR GAAP (generally accepted accounting principles in
Brazil). There will be a conference call and webcast on Thursday, November 14,
12:00 p.m., Rio de Janeiro time. The instructions to participate in these events
are available on the enclosed invitation and also on CVRD website,
www.cvrd.com.br, investor relations.
--------------------------------------------------------------------------------
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.
[CVRD LOGO -- OMITTED]
CVRD cordially invites you to participate in its
THIRD QUARTER 2002 RESULTS
CONFERENCE CALL AND
WEBCAST PRESENTATION
Date & Time
Thursday, November 14, 2002
12:00 p.m. (Rio de Janeiro Time)
09:00 a.m. (New York Time)
Please dial
US Participants: (1-866) 812-0442
International Participants: (1-703) 788-1236
Brazilian Participants: (11) 4613-0503
Pass code: 267
A simultaneous slide presentation will also be available.
NYSE: RIOPR, RIO
Bovespa: VALE5, VALE3 To view the 3Q02 presentation:
Latibex: XVALP, XVALO 1. log on to www.cvrd.com.br
2. click on the "Third Quarter 2002 Results" button
Stock Options: 3. click on the "Click Here for Webcast" button
BOVESPA, CBOE
PACIFIC EXCHANGE Please log on prior to the event to test your browser.
www.cvrd.com.br Speaker from CVRD
Mr. Fabio Barbosa
CVRD Chief Financial Officer
Investor Relations:
Roberto Castello Branco A replay of the conference call will be available from
Andreia Reis 11:00 a.m. New York Time on November 14, 2002 until
Daniela Tinoco midnight (12:00 a.m.) New York Time on November 22, 2002.
Barbara Geluda
Rafael Azevedo For the replay, please call:
Eduardo de Mello Franco US Participants (1-866) 812-0442 //
International Participants (1-703) 788-1236
Tel: 55 (21) 3814-4540 Brazilian Participants (11) 4613-0503//
rio@cvrd.com.br Pass code: 267
A replay of the synchronized slide presentation and
conference call will also be available in the "Investor
Thomson Financial logo Relations" section of our website (www.cvrd.com.br).
Curtis Smith
IR Consultant
Tel: 55 (11) 3848-0887 ext: 215
curtis.smith@thomsonir.com.br
[CVRD GRAPHIC OMITTED] Press Release
Information about Debentures to CVRD Foreign Shareholders
Rio de Janeiro, October 14, 2002 - The Brazilian Securities and Exchange
Commission (Comissao de Valores Mobiliarios - CVM) approved on October 04th,
2002 the registration of CVRD non-convertible shareholders debentures
(Debentures) attributed compulsorily to all pre-privatization CVRD shareholders,
in the proportion of its respective stakes in the Company's capital in April
1997.
According to the Central Bank of Brazil (Banco Central do Brasil - BACEN)
regulations, pre-privatization foreign shareholders are not permitted to receive
the Debentures or any financial benefits related to them, except if clearly
approved by the qualified authorities.
At the privatization time, CVRD requested BACEN's authorization for
pre-privatization foreign shareholders to be able to hold the debentures.
However, this mentioned authorization was refused, as informed in our Form 20F
report, filed with the Securities and Exchange Commission (SEC) and CVM.
Given the recent CVM approval for the Debentures to be publicly traded, CVRD
will engage its best efforts to, along with foreign shareholders, submit a new
requirement for the appreciation of qualified authorities. Therefore, unless
this new requirement is approved, the Debentures will not have any value to
foreign shareholders.
-------------------------------------------------------------------------------
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: October 15, 2002
By: /s/ Fabio de Oliveira Barbosa
-----------------------------
Fabio de Oliveira Barbosa
Chief Financial Officer