Agência Brasil
Rio – Alunorte – Alumina do Norte – a subsidiary of the Vale do Rio Doce Company, has obtained a US$310 million loan from a pool of foreign banks. An insurance policy on the loan, for political risk, was banked by the governments of Germany and Norway.
Alunorte has scheduled investments totalling almost US$583 million, in order to raise its annual output from 1.8 million tons to 4.2 million tons.The expansion project is to be concluded in the first half of 2006.
