Brazil's mining giant CVRD, has announced that it had signed a long-term contract with Germany's ThyssenKrupp Steel AG to supply iron-ore to its steel company.Companhia Vale do Rio Doce (CVRD), the world's biggest iron-ore producer, will supply iron-ore and pellets to the German company through ThyssenKrupp CSA, a joint venture between ThyssenKrupp Steel AG and CVRD, it said.
The contract is expected to generate profits of over $7 billion per annum within a duration of 15 years.
