Are you talking Companhia Vale do Rio Doce (CVRD) ... the world's biggest producer and exporter of iron ore?  Interesting little report below.....

"CVRD also said at a news conference in Paris that even if investment into the sector continued to increase, it would not be able to meet booming demand in China.

"Even if we keep investing more and more we'll never keep up with Chinese growth rate," Agnelli said.

CVRD has said it plans to spend $59 billion in 2008-2012 to more than double output of copper, expand production of iron ore and nickel and develop aluminum production. It earmarked $11 billion for the first year of the five-year period.