Exhibit 10.3


Deloitte Touche Tohmatsu
Av. Presidente Wilson 231-22(degree)                                Deloitte
20030-024 - Rio de Janeiro - RJ                                     Touche
Brasil                                                              Tohmatsu

Telefone: (21) 524-1281
Fac-simile: (21) 220-3876
www.deloitte.com.br


Consent of Independent Public Accountants


As Independent Public Accountants, we hereby consent to the use in this Annual
Report on Form 20-F, as amended, filed by Companhia Vale do Rio Doce
(Registration No. 000-26030), which is incorporated by reference in the
Registration Statement on Form F-3 (Registration No. 333-82136), of our report
dated January 19, 2001, relating to the financial statements of ALBRAS-Aluminio
Brasileiro S.A. for the years ended December 31, 2000 and 1999 which is included
in such Annual Report.


/s/ DELOITTE TOUCHE TOHMATSU

DELOITTE TOUCHE TOHMATSU
Independent Auditors

Rio de Janeiro, Brazil, March 6, 2002