Brazilian resources group Companhia Vale do Rio Doce (Vale) has entered into agreements with two Japanese long-term financing agencies for up to $5-billion, the company said on Wednesday.

The Japan Bank for International Cooperation would finance up to $3-billion and the Nippon Export and Investment Insurance would finance a loan of up to $2-billion.

The finance forms part of a larger financing package for a pipeline of mining, logistics and power-generation projects being developed by Vale between now and 2012.

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