CVRD to publish guide on mine closure
Bnamericas Published: Wednesday, December 31, 2003
Brazilian mining giant CVRD (NYSE: RIO) is publishing a manual detailing the costs of mine closures, Folha de Sao Paulo newspaper reported. Closing a mine is one of the most expensive parts of the mining process due to the large sums invested in environmental recovery programs. In 2002 CVRD spent 68mn reais (US$23mn) to recover areas of closed mines. Rio de Janeiro-based CVRD is the world's largest producer and exporter of iron ore.
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