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To: Taikun who wrote (60495)	2/22/2005 11:32:11 AM
From: elmatador	Read Replies (2) \| Respond to of 74559

CVRD proposes $1bn dividend for 2005 Posted Tue, 01 Feb 2005 Brazilian mining group Companhia Vale do Rio Doce (CVRD), the world's largest iron ore miner, announced on Tuesday that its executive officers would submit to the board of directors a proposal for payment of a minimum dividend of $1-billion to shareholders for the year 2005. The payment would be made in two equal installments — on April 29 and October 31 2005. The minimum dividend proposed for 2005 represents an increase of 82 percent from the $550-million announced for last year, and is 28 percent more than the total dividend in 2004. World's largest iron ore miner In the period 2001 through 2004, CVRD invested $6.4-billion and also distributed dividends of $3.1-billion. During this period, the average dividend yield was 5.8 percent and the total shareholder return, which includes both dividends distributed and the share price increase, was 38.9 percent per year reflecting the recognition by the capital markets of the process of value creation that has been incorporated into the execution of CVRD's long-term strategy. "The proposed minimum dividend of $1-billion and the financing of the company's $3.3-billion capital expenditure plan for 2005, announced on January 18, 2005, are coherent with the cash flows that CVRD is expecting, and also with maintenance of prudent levels of financial leverage and interest coverage," CVRD said in a statement.

To: Taikun who wrote (60495)	2/23/2005 4:30:11 AM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Hello David, I see one way trip to TeoTwawKi because making socks cost more and bras valued more in the USA cannot be the answer 70% of China-originated export to USA is through US, Japan, Taiwan, and HK companies Overall trade deficit between US and Asia (incl. Japan) did not rise in fact Singapore just slipped into deficit with US, and rest of the region soon to follow but trade surplus migrated to China only on accounting basis, as that is where much of the final assembly and testing is done So, win-win-win will continue, as long as J6P keeps spending, until not, not so much by government regulation, but by financial exhaustion and economic bankruptcy because government intervention to make the socks cost more at Walmart will only make the situation of J6P more dire, and exhaustion much sooner. USA export to China actually increased by more than 100% since 2001, and China's share of US global trade deficit is actually decreasing. The only reason China sells to the US is because US is buying; US is buying because Fannie/Freddie/Greensputin/BurnAndKaput are doing their thing; The above cabal is doing its thing because if they stop, sorry, I meant when they stop, TeoTwawKi arrives. Should the USA turn back the clock on China trade, the victims will definitely include Fortune 500, J6P, ..., and the response will be global trade war, and a different TeoTwawKi arrives. I think 'ergonomics', exchange rate, and all are simply the salad and the dressing. The beef is "return to the mean". 1 oz of monetary gold cost USD 550 worth of RMB at current exchange rate, and so, should China allow its currency to float, the hot money will flow out, along with bottled up savings, causing the RMB to devalue 20+% and see monetary gold in China sold at USD 450 per oz. Chugs, Jay