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FORM 6-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 or 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For JUNE 11, 2002
Companhia Vale do Rio Doce
(Exact name of Registrant as specified in its charter)
Valley of the Doce River Company
(Translation of Registrant's name into English)
Federative Republic of Brazil
(Jurisdiction of incorporation or organization)
Avenida Graca Aranha, No. 26
20005-900 Rio de Janeiro, RJ, Brazil
(Address of principal executive offices)
[Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F:]
FORM 20-F X FORM 40-F
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[Indicate by check mark whether the registrant by furnishing the information
contained in this form is also thereby furnishing the information to the
+Commission pursuant to rule 12g3-2(b) under the Securities Exchange Act of
1934.]
YES NO X
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[If "Yes " is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b):] Not applicable
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Companhia Vale do Rio Doce
TABLE OF CONTENTS
This Form 6-K contains the following:
Sequential
Page
Item Number
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1. Press Release entitled "CVRD Sells Its Last Pulp and Paper
Assets" dated June 10, 2002..................................... 3
[GRAPHIC OMITTED] Companhia Press Release
Vale do Rio Doce
CVRD Sells its Last Pulp and Paper Assets
Rio de Janeiro, June 10, 2002 - Companhia Vale do Rio Doce (CVRD), and its
wholly owned subsidiary, Florestas Rio Doce S.A (FRDSA), have signed a letter
of intent with Aracruz Celulose S.A. (Aracruz) and Bahia Sul Celulose S.A.
(Bahia Sul) establishing general guidelines and conditions for the purchase and
sale of assets (land and eucalyptus forests) owned by FRDSA in the Sao Mateus
region of Espirito Santo state in Brazil.
The assets consist of approximately 100,000 acres of land and the eucalyptus
forests thereon. The transaction, valued at some R$ 137,000,000.00 (one hundred
and thirty-seven million Reais), is subject to the variations inherent in such
operations.
The closing of the deal is subject to the completion of a forest, legal and
financial audit being conducted by Aracruz and Bahia Sul, as well as the
negotiation and execution of all contracts and documents required to finalize
the transaction.
The divestiture of these assets is an integral part of CVRD's strategy of
positioning itself as a global, diversified mining company, with associated
businesses in logistics and power generation.
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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.
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
By: /s/ Roberto Castello Branco
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Name: Roberto Castello Branco
Title: Head of Investor Relations
Dated: June 11, 2002