Exhibit 23.2



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
Registration Statement on Form F-4 filed by Vale Overseas Limited and Companhia
Vale do Rio Doce 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 appears in such Registration Statement.




/s/ DELOITTE TOUCHE TOHMATSU


DELOITTE TOUCHE TOHMATSU
Independent Auditors


Rio de Janeiro, Brazil, March 21, 2002





Deloitte Touche Tohmatsu
Av. Presidente Wilson, 231-22
20030-021 - Rio de Janeiro - RJ
Brasil


Telefone: (212)524-1281
Facsimile: (212) 220-3876
www.deloitte.com.br


Consent of Independent Public Accountants

As Independent Public Accountants, we hereby consent to the use in this
Registration Statement on Form F-4 filed by Vale Overseas Limited and Companhia
Vale do Rio Doce of our report dated January 19, 2000, relating to the financial
statements of ALBRAS - Aluminio Brasileiro S.A. for the years ended December
31, 1999 and 1998 which appears in such Registration Statement.

/s/ Deloitte Touche Tohmatsu
DELOITTE TOUCHE TOHMATSU
Independent Auditors

Rio de Janeiro, Brazil, March 21, 2002