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BUY: Companhia Vale do Rio <o:p> </o:p>

Doce (nyse: RIO) <o:p> </o:p>

Companhia Vale do Rio Doce is the world's <o:p> </o:p>

largest producer of iron ore, and a top player in <o:p> </o:p>

coal, nickel and other base metals. It holds <o:p> </o:p>

exploration claims that cover 24 million acres <o:p> </o:p>

in Brazil and 9.8 million acres outside Brazil. <o:p> </o:p>

Companhia Vale do Rio Doce will seek to raise about $15 billion in the biggest sale ever by a Brazilian company. The share offering from the world’s largest iron-ore producer is set to be priced on Wednesday.

Bloomberg News reported that Vale will price the 256.9 million common shares and 164.4 million preferred shares on July 16, and the stock will start trading in Brazil and abroad two days later.

RIO Market Data

In honor of Earth Day, we looked at a few companies dealing specifically in earth, lots of it. Rio Tinto (ASX: RIO) and BHP Billiton Limited (ASX: BHP) are the largest diversified mining and resources companies in the world.

While we can’t talk about their environmental impacts, which may or may not be great, we can look at their place in the global markets and the commodities cycle. It’s no surprise that they are stable barometers of the economic health of the world economy.

• PPI for Jan - Street expects 0.2%, compared to -1.9% in Dec.
• Initial Jobless Claims